How to declare crypto losses on taxes

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LEDGER JUST PISSED OFF MILLIONS OF CRYPTO HOLDERS! TESLA IS ABOUT TO BREAK THE INTERNET!
If your losses exceed your total gains for the year, you can deduct up to $3, against your taxable income. Losses beyond $3, can be. Reporting your crypto activity requires using Form Schedule D as your crypto tax form to reconcile your capital gains and losses and Form. You May Be Able to Write Off Crypto Losses If You Sold Andy Phillips, who serves as Director of the Tax Institute at H&R Block SQ %, says.