Crypto wash rules

crypto wash rules

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The Crypto Bitcoin Tax Trap In 2024
The wash sale rule prevents a taxpayer from deducting losses relating to a wash sale. Digital assets (such as cryptocurrency) are currently. The US wash sale rule occurs when an individual investor sells or trades an asset at a loss and buys back a "substantially identical" asset. Yes, the wash-sale penalty rule applies to crypto and other assets subject to capital gains taxes. However, there is no proper legislation in.
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