Wash Sale Rule and Crypto: Essential Facts for Investors
The Wash Sale Rule generally prevents you from claiming tax losses on a security if you buy the same or substantially identical one within 30 days before or after the sale. But here’s the catch: wh...
Source: BitCoinTalk
The Wash Sale Rule generally prevents you from claiming tax losses on a security if you buy the same or substantially identical one within 30 days before or after the sale. But here’s the catch: when it comes to cryptocurrency, the IRS hasn’t officially applied this rule—crypto currently falls outside the wash sale restrictions. That…