source avatarCheeky Crypto

Share

Your Cardano losses could reduce your tax bill. Bought 10,000 $ADA near the December 2024 peak? That paper loss might have real tax value. Watch 2:23 for the US example and 4:51 for the UK. Would you sell to realise the loss or keep holding? 00:00 A 10,000 ADA loss that can cut tax 01:34 A loss only counts once you sell 02:23 What the loss can save in the US 04:51 What the loss can save in the UK 08:13 Can you sell and buy back? UK vs US 09:40 H.R. 10357 and the US wash-sale rule 11:00 Fees and staking rewards on a sale 12:22 If you bought in 2021 13:05 The case against selling for tax 16:02 The dates that decide it 17:19 Closing: using the loss before the deadline

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.