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US tax law – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Wed, 10 Jun 2020 11:15:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png US tax law – DIGIT INFO https://www.digit.info 32 32 Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses https://www.digit.info/loophole-in-u-s-tax-law-could-allow-bitcoin-traders-to-write-off-unlimited-losses/ Wed, 10 Jun 2020 11:15:47 +0000 https://www.digit.info/2020/06/10/loophole-in-u-s-tax-law-could-allow-bitcoin-traders-to-write-off-unlimited-losses/ Read more]]>

A loophole in the U.S. tax law could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from crypto tax platform Coin Tracker. Traders, defined by U.S tax collection agency Internal Revenue Service (IRS) as people who trade substantially, regularly and continuously, are allowed a maximum capital […]

The post Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses appeared first on Bitcoin News.

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