Do you have funds in Celsius FTX or BlockFi? Here's what you need to know for tax season. The IRS code allows you to take a loss when the loss is known and complete. Right now, these exchanges are in the middle of bankruptcy because the loss is not yet known or complete. It is not yet time to take that loss. If you have substantial holdings on any of these platforms, it may make sense to file an extension.
#ftx #blockfi #celsius

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