Ins and Outs of IRS CCA 202302011 on Cryptocurrency Losses - Think Outside the Tax Box

Ins and Outs of IRS CCA 202302011 on Cryptocurrency Losses

Here are a few reminders on claiming losses from property transactions with a focus on an informal ruling the IRS issued in January 2023 to help explain losses from certain cryptocurrency transactions. This article focuses not only on what CCA 202302011 provides, but also what it doesn’t cover regarding possible losses from cryptocurrency and digital asset transactions.

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