Do i need to report my loss from cryptocurrency wh...

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New Member

Do i need to report my loss from cryptocurrency when i file my taxes?

I had bought some cryptocurrency worth around $200 just on the advice of a friend. I wasn't interested in it really, so I sold it off within a month for a loss of $50. Do I need to report the loss while I file for taxes in 2019? Is it mandatory to report a loss?
Thank you!

P.S. I am from Ontario, Canada.
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Moderator

Do i need to report my loss from cryptocurrency when i file my taxes?

Here is how you claim the sale of cryptocurrency

https://turbotax.community.intuit.ca/replies/3505288

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