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EOY Deadlines: Reduce Your Taxes & Maximize Your Money #572

How to Money

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The Wash Sale Rule Does Not Apply to Cryptocurrencies

Crypto is not regulated like the wash sale rule does not apply to cryptocurrencies. You could quite literally do sell it lock in those losses repurchase that exact same coin you'll be able to take advantage of that tax loss harvesting while simultaneously not violating any IRS rules. Holding on to the same amount of whatever cryptocurrency you were already invested in. So effectively everything is the same and this might change in the future so the IRS that they haven't at the time of this recording have not addressed crypto.

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