RATE Group | Cryptocurrency and Taxes: How to Use 2018’s Losses to Your Advantage
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Cryptocurrency and Taxes: How to Use 2018’s Losses to Your Advantage

23 Dec Cryptocurrency and Taxes: How to Use 2018’s Losses to Your Advantage

Posted at 04:02h in Cryptocurrency News by

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Cryptocurrency and Taxes: How to Use 2018’s Losses to Your Advantage

Taxes

Taxes have been a hot topic in the cryptocurrency world this year. Many countries have been trying to figure out how to tax crypto assets, while traders have been figuring out how to lever them to write off losses. As bitcoin and other cryptocurrencies enter the mainstream, tax reduction strategies are starting to emerge.

Also read: UK Investors to Pay Capital Gains and Income Tax on Bitcoin Investments

Governments Belatedly Address Bitcoin Taxation

As cryptocurrencies have entered the collective conscious and adoption has grown, governments have been trying to figure out how to tax them. Most recently, the U.K. government released a sprawling crypto tax advice document. Her Majesty’s Revenue and Customs (HMRC) reveals in the document that individual…

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