Crypto losses in Spain: offset and reduce taxes

Types of crypto losses:

• Sale/swap losses: Capital loss (price sold < price paid)
• Hack/scam/failed project: Deductible when "definitively produced" (requires evidence)
• DeFi impermanent loss: Capital loss on withdrawal

Offsetting rules:

1. Capital losses offset capital gains (same year, any asset class)
2. Excess losses offset capital income (dividends, interest) up to 25% of net positive balance
3. Remaining balance carried forward 4 years

2-month anti-wash rule: Loss on asset X + purchase of identical asset within 2 months before/after = loss deferred until the repurchased position is sold.

kointax automatically identifies all losses and applies the 2-month rule correctly.

👉 Optimize your losses with kointax