personal income taxing it sounds so wrong lar

We are just gambling crypto as hobby lor

hey there.
this is my 1st year trading crypto futures, and i have made heavy losses. Higher end of 5 digits

Its via binance, not via any regulated platform. Can i keep track this losses to offset future gains ar?

Sounds stupid if let say next year if i manage to say, earn enough to break even 2021's losses , then i pay income tax on that. Do i need to declare losses in my income tax return form YA 2021?

This post has been edited by prozfromhell: Dec 4 2021, 07:06 PM