Can capital gains from crypto sale be spread out over more than just the sale year?

Hamm
Hamm Member Posts: 2 Newcomer
edited December 2024 in Income

It is mostly long-term gains.

Answers

  • LynR
    LynR FreeTaxUSA Agent Posts: 11

    Hello,

    Thanks for joining the live event. Capital gains are taxed in the year you sale or dispose of the property. You cannot defer the taxation to later years, nor spread it out over multiple years.