With the bankruptcy of some virtual currency exchanges and the volatility inherent in many digital assets, taxpayers may have to address how to report a loss for tax purposes.
Accurate tax reporting of digital assets can have its ambiguities. Educate yourself on the various nuances you should consider when an individual investor has an allowable loss. Download the Crypto Loss Tax Reporting: Fact or Fiction? for detailed observations and practical tips. And, to stay informed on related accounting standards and