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re: Crypto and taxes.

Posted on 7/22/21 at 1:08 pm to
Posted by GumboPot
Member since Mar 2009
119687 posts
Posted on 7/22/21 at 1:08 pm to
quote:

If i convert my money to pesos and a year later back to dollars, i would have to pay taxes if there were gains in the currency exchange?


If the answer is yes, can you declare losses in Mexico?
Posted by meansonny
ATL
Member since Sep 2012
25999 posts
Posted on 7/22/21 at 1:11 pm to
quote:



If the answer is yes, can you declare losses in Mexico


My follow up was going to ask why i couldnt be shorting pesos when i converted to dollars (i.e. a separate transaction from the first one).
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