Bitcoin
Bitcoin
Out of context: Reply #1804
- Started
- Last post
- 2,675 Responses
- NBQ00-6
For anyone trading Bitcoin and cryptos this is a must read to avoid the same mistake this guy did.
“Did I ruin my life by trading crypto?” https://www.reddit.com/r/tax/com…
Basically he was able to turn $5K into over $800K and then lost a big chunk of it and is down to $120K but now owes like $400K in taxes.
- Can you not offset losses against profits before it gets taxed?shapesalad
- In the States, it seems not.Continuity