After a tough year for crypto, you may be looking for ways to turn steep losses into possible tax breaks. The digital currency industry lost nearly $1.4 trillion in 2022 after a slew of bankruptcies and liquidity issues, including the collapse of the digital currency exchange FTX. Selling crypto is generally treated the same asContinue reading “A Tough Year for Crypto”
Category Archives: Crypto
Are you lucky if you owe tax on your cryptocurrency activity?
Well possibly. The lucky person is the one who owes taxes on their crypto activity and realizes cash. But what about the unlucky person who owes taxes on their crypto activity and did not realize any cash from that activity? This scenario is common. We trade in crypto personally and understand the potential complexities ofContinue reading “Are you lucky if you owe tax on your cryptocurrency activity?”