Survey: US Investors That Sold BTC Lost $1.7 Billion, Many Don’t Intend to Deduct Losses
CoinTelegraph UK
Published Jan 16, 2019 11:11
Updated Jan 16, 2019 11:36
Crypto investors in the United States who sold their Bitcoin (BTC) holdings lost $1.7 billion, but many do not plan to deduct the losses, a survey conducted by personal finance company Credit Karma published on Jan. 15.The survey was conducted by research firm Qualtrics for Credit Karma, and surveyed 1,009 American BTC investors over the age of 18 in November 2018.
According to the aforementioned survey, a slight majority of Americans — 53 percent — plan to report their Bitcoin gains and losses for their taxes, while 19 percent are still undecided. The survey also found that 35 percent of the participants that sold their crypto at a loss will not report their losses on their tax returns.
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Written By: CoinTelegraph UK
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