Farrell MirandaDec 25, 2021 · 3 years ago1 answers What are the tax implications of offsetting ordinary income with short-term losses in the cryptocurrency market?
I would like to know more about the tax implications of offsetting ordinary income with short-term losses in the cryptocurrency market. How does this affect my tax liability? Are there any specific rules or regulations that I need to be aware of? Can I claim these losses as deductions? What are the potential benefits and risks of offsetting ordinary income with short-term losses in the cryptocurrency market from a tax perspective?