How Reporting Crypto Losses on Your 2022 Taxes Could Be a Win

Many cryptocurrencies like Bitcoin and Ethereum skyrocketed to all-time highs in 2021. People who invested prior to 2021 raked in great returns.

But that hasn't been the case in 2022. Cryptocurrencies have taken a hit, which means you might have to sell at a loss if you dispose of your assets.

Losses don't always have to be a bad thing if you know how to turn them into wins on your tax return. We'll break down how taxes on crypto work with tax-loss harvesting so you can slash your tax bill this year.

Source Fool.com