Can I deduct cash app taxes from previous years on my cryptocurrency earnings?

3 answers

• Bradley WalkerJun 04, 2024 · a year ago
  Yes, you can deduct the taxes paid through the Cash App from your previous years' cryptocurrency earnings. It is important to keep track of your transactions and report them accurately on your tax return. Make sure to consult with a tax professional for specific advice and guidance on how to properly deduct these taxes.
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• 09A31 Tarun Preet SinghApr 04, 2022 · 3 years ago
  Absolutely! As long as you have the necessary documentation and records to support your deductions, you can deduct the taxes paid through the Cash App from your previous years' cryptocurrency earnings. However, it is always recommended to consult with a tax professional to ensure compliance with the latest tax laws and regulations.
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• Daniel ApololaSep 12, 2020 · 5 years ago
  While I am not a tax professional, it is generally possible to deduct taxes paid through the Cash App from your previous years' cryptocurrency earnings. However, it is important to consult with a tax professional or accountant to ensure that you are following the correct procedures and taking advantage of any applicable deductions.
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