Do you pay taxes on crypto losses

do you pay taxes on crypto losses

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You DON'T Have to Pay Crypto Taxes (Tax Expert Explains)
Do you pay taxes on crypto losses? The short answer is no. If you have an asset that you hold at a loss, you need to realize the loss or sell. As mentioned earlier, cryptocurrency losses can be used to reduce crypto taxes. Much like other capital losses. They are now no longer tax deductible. So if you've lost your crypto due to a hack or scam, you cannot claim it as a loss and offset it against your gains.
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  • do you pay taxes on crypto losses
    account_circle Zulkihn
    calendar_month 23.07.2020
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  • do you pay taxes on crypto losses
    account_circle Keshakar
    calendar_month 27.07.2020
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