Hi, I know I will get a lot of flack for being a holder of this token… believe me I wish I would have done so much differently. Unfortunately, I held onto this for 2.5 years and lost a lot of money doing so.
But anyway I recently swapped all of my SFM tokens for BNB a few weeks ago on Trustwallet.
My question is, can I deduct this loss on my taxes for 2023, or is it only taxable when I sell the BNB for USD?
I suppose that this question can also pertain to any coin on the BNB blockchain as well
I use Koinly but they recently changed their login process and I can’t login right now (they deactivated Coinbase linking for logins argh).
Appreciate any and all help. Thanks again
[link] [comments]

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments