Is it possible to get taxed on crypto even if I sold at loss. And the amount remaining with me in my bank is less than the amount I invested? Tax on crypto even at loss byu/watamote99 inCryptoCurrency Posted by watamote99
jbizzle1104 on July 11, 2026 3:57 pm You can write off losses against your taxable income. Talk to an accountant tho and don’t take tax advice from Reddit.
Marksm2n on July 11, 2026 4:00 pm This is so specific to your country, you should probably find the information on websites from your government instead of asking a random strangers
BrokenHefaistos on July 11, 2026 4:05 pm Depending on where you live your loss translates to tax deduction, same with stocks, maybe even with shares of your own company. 😂😶🌫️
3 Comments
You can write off losses against your taxable income. Talk to an accountant tho and don’t take tax advice from Reddit.
This is so specific to your country, you should probably find the information on websites from your government instead of asking a random strangers
Depending on where you live your loss translates to tax deduction, same with stocks, maybe even with shares of your own company. 😂😶🌫️