That's exactly how it works - you pay taxes on net gains (gains minus losses) in a tax year, and if there's a net loss you can deduct and/or carry it over. Why

That's exactly how it works - you pay taxes on net gains (gains minus losses) in a tax year, and if there's a net loss you can deduct and/or carry it over. Why is that problematic? It's exactly how gains/losses work when trading shares of stock. For more information: https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions https://www.irs.gov/individuals/international-taxpayers/freq...