Kaushar AshrafiNov 27, 2021 · 3 years ago0 answersAre there any specific tax deductions available for losses incurred from trading 1256 contracts in the digital currency sector?
I am wondering if there are any specific tax deductions that can be claimed for losses incurred from trading 1256 contracts in the digital currency sector. Can these losses be offset against other capital gains or ordinary income? What are the requirements and limitations for claiming these deductions? Are there any specific forms or documentation that need to be filed with the tax return?
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