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Tax implications of crypto gambling losses?
Kind of complicated tax situation. Bought 1.2 BTC in 2021 at $35k average. Used 0.8 BTC for gambling on various sites in 2024, lost it all. Original 0.8 BTC cost basis was about $28k. Now for taxes, can I: Claim $28k gambling loss against other income? Claim crypto capital loss? Both? Neither...- Mike Johnson
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- Forum: Crypto Gaming Platforms