Crypto losses
Up to $3,000/yr
Can You Write Off Crypto Losses?
Short answer: Yes, crypto sold at a loss is a capital loss that offsets gains and up to $3,000 of income.
Brokers now issue Form 1099-DA; keep your own cost-basis records.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
BW-B22-00180
low risk
Crypto losses
Typical range: Up to $3,000/yr
Individuals / Personal Taxes
Other Expenses
Personal Tax Deductions
Yes, crypto sold at a loss is a capital loss that offsets gains and up to $3,000 of income.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Yes, crypto sold at a loss is a capital loss that offsets gains and up to $3,000 of income. Brokers now issue Form 1099-DA; keep your own cost-basis records.
Category
- Personal Tax Deductions
personal deduction
search demand 2026
losses
investments