Crypto Taxes Explained: How Reporting Losses Can Save Your Taxes 💸

Did you know that a crypto hack or rug pull isn't just a personal loss but an investment loss under the tax code? Join us as we unravel the misconceptions surrounding crypto losses due to theft, rug pulls, or hacks. Dive into real-life examples and don't miss out on essential information on filing your cryptocurrency tax returns right! 🚀

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📣 Host: Clinton Donnelly
👉Twitter: https://twitter.com/CryptoTaxFixer
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▬▬▬▬▬ 🕒 TIMESTAMPS 🕒 ▬▬▬▬▬

00:00 - Intro
00:46 - Navigating Crypto Losses in Tax
01:18 - Tax Preparers & Cryptocurrency
01:47 - Impact of TCJA Bill 2017 on Crypto Taxation
02:14 - Categories of Crypto Tax Losses
03:00 - Deduction Strategies for Crypto Theft
04:23 - Case Study: Effective Crypto Tax Loss Management
05:13 - End

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📜 Disclaimer
All opinions expressed by the show’s host and guests are their own. Do not construe them as tax, legal, or financial advice. In addition, they may not represent the policies or opinions of our sponsor, CryptoTaxAudit. Research legal, tax, and financial guidance and advice as needed.

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More videos from Clinton Donnelly:
https://youtu.be/be_n9nK9-Ns?si=mkoTv2_estkHRYuE
https://youtu.be/gghzFDTs1X0?si=PVFzuKXWuCsLRe2k

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