Tax Playbook · Investment tax wins
Crypto's wash-sale loophole
The IRS treats crypto as property, not as a stock. That means you can sell crypto at a $20,000 loss and buy it back right away without losing the tax break. The loss offsets your gains first, which can cut your tax bill. Congress may close this loophole someday, so check the rules before you sell.
Good for: Crypto investors sitting on losses.
Learn the basics
Recent articles & guides
- Schwab: Cryptocurrencies and taxes
- CoinLaw: Crypto tax-loss harvesting
- iTrustCapital: Why the wash-sale rule does not apply to crypto
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Educational summary, not tax advice. Limits and rules change — confirm current law with your tax adviser.