How to manage crypto losses on tax returns in the US, UK and Canada By Cointelegraph

Cryptocurrency taxation is a subject of increasing importance, with governments worldwide working diligently to establish clear rules for taxing digital assets. In the United States, the United Kingdom, and Canada, crypto holders navigate complex regulatory landscapes, making it crucial to understand how crypto losses are taxed and their potential impact on tax liability. Whether new to crypto trading or with years of experience, reporting income and paying applicable taxes in compliance with local regulations is essential.

To comply with local cryptocurrency taxation laws, crypto holders must stay informed and compliant to avoid legal issues. This article examines the rules, deductions and implications an investor needs to know to stay compliant and minimize tax obligations in this ever-changing crypto tax landscape.

U.S. approach to crypto taxation

How are crypto losses taxed and offset in the U.S.?

Wash-sale rule and treatment of crypto losses in the U.S.

The U.K.’s approach to crypto taxation

How are crypto losses taxed and offset in the U.K.?

Optimizing crypto tax reporting in the UK through token pooling