Jun ChenDec 16, 2021 · 3 years ago4 answers Is investing in cryptocurrencies considered a deduction before or after the standard deduction?
When it comes to investing in cryptocurrencies, many people wonder whether it is considered a deduction before or after the standard deduction. Can investing in cryptocurrencies be used to reduce taxable income? How does it affect the standard deduction? Is it possible to claim deductions for cryptocurrency investments separately from the standard deduction? What are the rules and regulations regarding this matter?