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.