> If it is only for crypto I'm no expert, but from what I understand, you can't deduct losses from regular currency deposits, either. Here is a decision from

> If it is only for crypto I'm no expert, but from what I understand, you can't deduct losses from regular currency deposits, either. Here is a decision from the Supreme Administrative Court in a case where someone had converted 460 000 EUR to USD and later converted them back to EUR with a loss of 30 000 EUR and wanted to deduct the loss from their capital gains tax (Finnish): http://www.kho.fi/fi/index/paatoksia/vuosikirjapaatokset/vuosikirjapaatos/1449755608736.html http://www.kho.fi/fi/index/paatoksia/vuosikirjapaatokset/vuo... It was denied as there is no clause in the Income Tax Act allowing such a deduction. Tax Administration guidance (Finnish): https://www.vero.fi/syventavat-vero-ohjeet/ohje-hakusivu/48935/omaisuuden_luovutusvoitot_ja_tappiot_lu4/ https://www.vero.fi/syventavat-vero-ohjeet/ohje-hakusivu/489... Income Tax Act (Finnish): https://www.finlex.fi/fi/laki/ajantasa/1992/1992153 https://www.finlex.fi/fi/laki/ajantasa/1992/1992153