January 9, 2023
Yahoo!Finance interviewed Tax Partner Adnan Islam about the limitations on capital losses from cryptocurrency investments.
Yahoo!Finance
By Rebecca Chen
Excerpt:
One of Adnan Islam’s clients, not realizing they couldn’t carry back losses, sold their crypto investments at a steep discount just to pay for last year’s taxes, the digital currency tax leader at Marcum LLP, told Yahoo Finance. “How else are you going to pay that tax liability on the tons of crypto gains you made when all your digital assets are stuck in a loss?” Islam said.
