Are you confident in accurately reporting cryptocurrency earnings on your tax returns?

CoinTracker Blog

Guides, tips, and strategies from crypto tax experts and seasoned investors.

Categories 12

Ways to write-off crypto with no value
・4 min read・Crypto

Ways to write-off crypto with no value

In the cryptocurrency space, it is quite common to own coins that drop to zero value. The savvy investor can use the IRS abandonment loss provision (more favorable than capital losses capped at $3,000 a year) to get a tax write-off for these coins without selling them.

Shehan Chandrasekera, CPA

・5 min read・Crypto

Ways to Lower Your Crypto Tax Bill: Which Cost Basis Method is Best?

・2 min read

How the Inflation Reduction Act (IRA) Affects Crypto Users

・2 min read・Crypto

ATO Warns Crypto Users to Avoid Wash Sales

・4 min read

HMRC Requests Input on DeFi Taxes

・17 min read・Crypto

Ultimate Australia Crypto Tax Guide (2023 - 2024)

・2 min read

CoinTracker is continuing to hire through the recession

・3 min read・Tools

2022 Crypto-Exchange Fee Comparison

・23 min read・Crypto

Cryptocurrency Tax Write-Off Guide

Save time. Save money.

Join 3 million people who trust Cointracker with their crypto taxes

Start for free