Crypto tax filings

[mad_foodie]

Hi Guys,

From Dec 2017 to  June 2018 i have invested 32K$ and with drwan 3K$ and remaining 29K$ became 4K$(still not sold) so technically i am in loss.

But should i still need to claim this during tax returns?

please advise some cheap and best options. is it worth going through crypto tax filing guys( paying 400$)

Thanks in advance

 

[JollyBoy]

loss aite manchide ga filing

[mad_foodie]

1 minute ago, JollyBoy said:

loss aite manchide ga filing

ela file cheyyalo teliyanke ga 

[JollyBoy]

Just now, mad_foodie said:

ela file cheyyalo teliyanke ga 

evaditho chestunav vadini adugu 

[Kalam_Youtheman]

5 minutes ago, mad_foodie said:

Hi Guys,

From Dec 2017 to  June 2018 i have invested 32K$ and with drwan 3K$ and remaining 29K$ became 4K$(still not sold) so technically i am in loss.

But should i still need to claim this during tax returns?

please advise some cheap and best options. is it worth going through crypto tax filing guys( paying 400$)

Thanks in advance

 

above 10k loss aithe file cheyyii else lite le... returns em lev..khaalee peeli IRS daggaraa neee stocks info kuda untundhi.. future lo emaina rule pedthe..neekl dhabid dhibid

[MeraBharat_Mahan]

unless you have realized the loss you cannot claim it as a loss on tax return

[nenesuperni]

1 minute ago, MeraBharat_Mahan said:

unless you have realized the loss you cannot claim it as a loss on tax return

yes  nen last year cheyale ee year cheyledu, becuase i haven't  sold anything to usd. i know other transactions also comes under tax, kani roju ki 10 trades, vatini usd lo ante its bid donkey ick

[mad_foodie]

Loss lo unna kuda report cheyali ani people saying. crypto valla money, time bokka and trouture thos pau ee tax dobbdu okati...

oka 8 exchanges( around 600 + transactions) so ipudu aniitilo transaction csv files download chesi, vatini contarckking.info lo uploade chesi tax report  cheddam ani thinking but 2017 dec dhi profit + 2018 dhi loss ni kalipi ela declare cheyalo telvatledhu

evarana experts kodhiga easy and beest way chepalsindhiga manavi chestha

[ekunadam_enkanna]

38 minutes ago, mad_foodie said:

Hi Guys,

From Dec 2017 to  June 2018 i have invested 32K$ and with drwan 3K$ and remaining 29K$ became 4K$(still not sold) so technically i am in loss.

But should i still need to claim this during tax returns?

please advise some cheap and best options. is it worth going through crypto tax filing guys( paying 400$)

 

Well, you have lost $25K. That's your investment loss or capital loss. You can deduct $3000 in 2018 taxes. The remaining $22k can be carried forward.  $3k in 2019  as well. What if you made 10k on stocks in 2019? you can use it to offset in 2019. Just use turbotax.

[mad_foodie]

43 minutes ago, ekunadam_enkanna said:

Well, you have lost $25K. That's your investment loss or capital loss. You can deduct $3000 in 2018 taxes. The remaining $22k can be carried forward.  $3k in 2019  as well. What if you made 10k on stocks in 2019? you can use it to offset in 2019. Just use turbotax.

Portfllion of 29k became 4k I dont know 25k loss is called as investment loss or capital loss..rendintiki diff endhi bayya

[ekunadam_enkanna]

Investment loss/capital loss is same. Usually, if you play with stocks, you get 1099-B. In case you don't have any 1099 form. Go to an accountant, with ur account statements. And show it. Whatever an accountant may cost you, it is worth it, because you can use ur loss for the future.

[Peddayana]

calculate chesi choosthe (including crypto to crypto) sellings last year , koncham loss undi , lite teesukunna , malli daniki documentation endukani

[Demigod]

2 hours ago, mad_foodie said:

Hi Guys,

From Dec 2017 to  June 2018 i have invested 32K$ and with drwan 3K$ and remaining 29K$ became 4K$(still not sold) so technically i am in loss.

But should i still need to claim this during tax returns?

please advise some cheap and best options. is it worth going through crypto tax filing guys( paying 400$)

Thanks in advance

 

Congracts bro next year chupiyyakarledu coz zero aipoddi ga.. so pretty much straight forward untadi filing

[mad_foodie]

On 3/8/2019 at 4:25 PM, ekunadam_enkanna said:

Investment loss/capital loss is same. Usually, if you play with stocks, you get 1099-B. In case you don't have any 1099 form. Go to an accountant, with ur account statements. And show it. Whatever an accountant may cost you, it is worth it, because you can use ur loss for the future.

Thanks bro