What is the wash-sale rule, and does it apply to crypto?
The wash-sale rule disallows the deduction of losses if identical securities or crypto assets are repurchased within 30 days. Go to Source Powered by WPeMatico
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US Lawmakers Propose to Subject Cryptocurrencies to Wash Sale Rule
A committee of the U.S. House of Representatives has proposed to subject cryptocurrencies to the “wash sale” rule. Since cryptocurrencies are treated as property by the Internal Revenue Service (IRS), they are currently not subject to the wash sale rule. This proposal attempts to close down a big crypto tax loophole. Crypto Included in New … Read more
