RE: What is Tax Loss Harvesting and Can You Use it to Save on Your Crypto Taxes??

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What is Tax Loss Harvesting and Can You Use it to Save on Your Crypto Taxes??

in hive-196037 •  4 years ago 

You have to be careful not to re-invest in the same crypto within 30 days, otherwise it is what the IRS calls a "wash sale", and the loss is not tax deductible. This prevents selling off all your losses and immediately buying back in again to hold the lower basis.

hive-196037
4 years ago by

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