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It’s not a loss if it was never realized; if he never converted coins to fiat at a loss from the purchase, there is no loss except on paper (and that is not ta
by TedDoesntTalk 4y ago
It’s not a loss if it was never realized; if he never converted coins to fiat at a loss from the purchase, there is no loss except on paper (and that is not tax deductible).
- deleted 4y ago[deleted]
- deleted 4y ago[deleted]
- RC_ITR 4y ago>It’s not a loss if it was never realized If I hold stock in a company that goes bankrupt, I can write-off those losses, even though they never get converted to fiat.