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Crypto Investors With Losses Have a Nifty Tax Loophole. It May Not Last.

Por: MarketWatch Business November 05, 2022

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The IRS requires stock investors taking tax losses to wait at least 30 days before buying back shares. But it defines digital tokens as property, meaning the wash-sale rule doesn’t apply, notes Shehan Chandrasekera, head of tax strategy for CoinTracker, which helps investors calculate taxes from crypto transactions. The IRS may go after investors who aggressively use the strategy—say, by selling Bitcoin and immediately buying it back—since... + full article



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