When filing taxes, reporting on cryptocurrencies can help investors offset their losses. The year 2022 was a hard one for the crypto fraternity. Recently, an Immunefi report found that in 2022 crypto investors lost $3.9 billion. Colossal losses such as these usually alarm investors, though a silver lining may be in the offing for those investors who report crypto as part of their tax returns.
Lisa Greene-Lewis, a TurboTax accountant, said that while in 2021 crypto investors had huge gains, the tides changed in 2022. “TurboTax is willing to help investors bear their…
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