Tax strategies allow crypto investors to offset losses By Cointelegraph

2022 was tough for the crypto market. A recent report published by security services platform Immunefi found that the crypto industry lost a total of $3.9 billion in 2022.

Detrimental losses such as these are often concerning for crypto investors, yet there may be a silver lining behind decreasing assets for investors reporting crypto on their taxes.

Percentage of tax filers with cryptocurrency transactions. Source: TurboTax