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Crypto Taxes Explained For Beginners - Cryptocurrency TaxesIf your capital losses are greater than your gains, up to $3, of them can then be deducted from your taxable income ($1, if you're married. If you sold crypto at a loss, you can subtract that from other portfolio profits, and once losses exceed gains, you can trim up to $3, from. Yes, crypto profits are treated much like gains on capital assets and are thus taxable. Remember that you are responsible for paying taxes on your crypto gains.