Why doesn't your tax reports include the actual loss, which is so much greater?

At the end of 2018 my $21K investment is down to $4672.40. In my mind that is a "snapshot loss" of $16,327.40. Of course, I am not concerned because I expect my coin investments to produce much more gain in the future. However, my tax report says: Sum of total gain and loss = -$244.27 The * indicates that this excludes margin.


Why doesn't your tax reports include the actual loss, which is so much greater? Please point me to an article that explains the significance of these terms.
1 Comment

So the report only shows the losses that you actually realized. That means, even if your holdings went down to 4k from originally 21k, you can't use the loss if you never realized it (tax loss harvesting).

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