It’s getting too easy to cut taxes on your investments. Politicians who like to “close loopholes” are going to notice. Senator Ron Wyden, tax reformer. (Photo by Mandel Ngan-Pool) Getty Images There’s...
Tag: capital loss
Large Crypto Losses May Not Become Instant Tax Write-0ffs, But Here’s What You Can Do
Tired businesswoman in the office getty What Happened The recent crypto market downturn and the upcoming recession fears have led many investors to sell their cryptocurrency positions at huge losses t...
How To Claim Bad Debt Losses On Your Taxes
Money tree loses leaves getty Let’s say that, a few years ago, I individually made a sizable loan to a friend. Since there is no chance I will be repaid, can I report a tax deduction for the amount I ...