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The results of the Credit Karma survey show that over the past tax season, crypto-investors in the US suffered losses of about $ 1.7 billion. In addition, the report said that investors in the United States suffered another 5.7 billion dollars of unrealized losses.
According to a survey conducted by Credit Karma, investors from the United States suffered a cumulative loss of about $ 1.7 billion in 2018, an average of $ 718 per person. The participants consisted of 1'009 American investors in cryptocurrency at the age of 18 years and older who were interviewed in November 2018.
The study found that only 53% of investors decided that they would report their profits and losses from cryptocurrency on their tax returns. Another 19% of participants said that they have not yet decided whether they will report the profitability of their investments in cryptocurrency.
According to the report, 59% of traders who made profits intended to report their profits, while only 38% of investors who lost money during the previous financial year planned to do so.
More than 50% of investors do not know about tax deductions
The survey showed that 58% of respondents did not know that they could claim tax deductions because of the losses incurred as a result of working with cryptocurrency, while 61% of them suffered losses during the previous tax season. The report also points out that us investors have suffered unrealized losses of $ 5.7 billion, which suggests that us crypto traders have missed many opportunities to claim tax deductions.
Of the respondents who said they would not report the profitability of their cryptocurrency portfolio, 35% did not know that they were required to do so, and 55% believed that they were not required because of their profits or losses being small.
LINK - https://altstake.io/news/amerikanskie-kriptoinvestory-poteryali74-mlrdza2018