I bought SOL with a cost basis of 200 two years ago. It’s sitting in Solflare. If I stake it, it becomes a taxable event. I’m down 70%. So would those losses carry over $3,000 per year until gone? I haven’t made any trades this year so I don’t have any profits to deduct the loss from.

  • kilcocom@alien.topBEnglish
    1·
    1 year ago

    So let me get this straight.

    You’re down 70% and worried about taxes?

    Just a little piece of advice.

    FIRST - worry about making money not losing it SECOND -worry about taxes after step 1