Bitcoin and real estate

[Oliver Martin]

Hello everyone,

I made a foolish mistake of buying bitcoin two years ago. An even bigger mistake was to not sell when I was up. Now, the bitcoin price has been low, and I want to liquidate all my cryptocurrency next year. I did relatively well in real estate in the last few years and my momentum in real estate increased my risk threshold at that time. Big lesson learned.

I am going to sell a couple of rental properties next year. One has an equity of 50k and the other one has an equity of 200k. I plan to sell all my cryptocurrency next year with a loss of around 35k. Would I be able to offset some of the capital gains tax with my cryptocurrency loss?

Thank you.