Cryptocurrency losses can be claimed against other income or used to offset future gains. If you have incurred losses on your cryptocurrency investments, you can offset those losses against any capital gains made in the same financial year. If your losses exceed your capital gains, you can carry forward the remaining losses to offset against future capital gains. Cryptocurrency tax advisors can help you navigate these rules, maximise your deductions, and ensure you claim losses appropriately, taking advantage of any available tax benefits.