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How do I record a trading loss?


My Ltd bought some bitcoin and then sold that bitcoin later at a loss.

I read this. I created a Merchant Account for the bitcoin. Then I added all the transactions, including a separate transaction for the loss. Now I want to tag the loss transaction.

Is it “miscellaneous income” even though it’s a loss, not profit? Or is there some account for miscellaneous or other losses? Or should I create a new account for it? Any advice would be greatly appreciated. :slight_smile:


I spent some time looking at the options, and in the end I tagged it as “Exchange Rate Variance”. Not 100% sure if that’s the best option, definitely open to feedback.


That should be fine. The fact you sold it for less is the loss, not the actual sale, which is your income.

The end result would be a loss.