Hi, I own some crypto currency. I bought some in 2017 and tried day trading hoping to get a pot of gold. Reality set in first half of 2018 and I realized better off sitting and waiting.
I did not file any gains or losses in 2017,2018. In 2019 I claimed 1800.00 in gains. I went back and used a program for the crypto and it showed $720 in losses in 2017 and 17,000.00 loss in 2018.
anyone on here an accountant?
do I need to amend 2018 to write the future gains off? I know only 3k a year in losses is allowed for write offs. I’m wondering if next year I would just attach my loss sheet to my return or if I have to amend 2018 even though it wouldn’t change my tax in any way for that year.
thanks
I did not file any gains or losses in 2017,2018. In 2019 I claimed 1800.00 in gains. I went back and used a program for the crypto and it showed $720 in losses in 2017 and 17,000.00 loss in 2018.
anyone on here an accountant?
do I need to amend 2018 to write the future gains off? I know only 3k a year in losses is allowed for write offs. I’m wondering if next year I would just attach my loss sheet to my return or if I have to amend 2018 even though it wouldn’t change my tax in any way for that year.
thanks
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