What is the maximum amount of stock losses that can be deducted when investing in digital currencies?

1 answers

• Nov 24, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, allows investors to deduct stock losses up to $3,000 per year when investing in digital currencies. This deduction can help offset any gains or reduce your overall tax liability. However, it's important to note that the maximum amount of stock losses that can be deducted may vary depending on your individual tax situation. It's always a good idea to consult with a tax professional to understand the specific rules and regulations that apply to your situation.
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