October 30, 2019 6:38 PM
last updated October 30, 2019 6:38 PM
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?
P.S. I am from Ontario, Canada.