iStock 1054923550 e1623284264788 This Tax Tip Could Help Ease the Pain of a Crypto Hit

This Tax Tip Could Help Ease the Pain of a Crypto Hit

* Cryptocurrency investors can avoid the wash-sale rule by selling their losing securities and buying substantially identical securities.

* The wash-sale rule applies to securities, but not to cryptocurrency.

* Cryptocurrency investors can take advantage of this loophole by selling their losing investments and buying back identical ones.

* However, the IRS could decide to audit crypto holders who use this loophole to excess.

 

 

iStock 1054923550 e1623284264788 This Tax Tip Could Help Ease the Pain of a Crypto Hit
This Tax Tip Could Help Ease the Pain of a Crypto Hit 3

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