How to reduce crypto tax liability?

How to Reduce Crypto Tax Liability?

Legally, you can reduce liability only within the rules. Losses from one VDA can be set off against gains from another VDA in the same financial year. So if you have both winning and losing trades, the net gain is lower. You cannot set off against other income or carry forward. You can time sales across years if you have flexibility (e.g. realize losses in a year when you have gains to set off). There are no deductions or exemptions for VDA income. Consult a tax professional for planning. Do not hide income or evade tax.