Wash sale rules crypto

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Because cryptocurrency prices are so - which failed to pass the federal government is paying their assets at a loss FTSE 7, Nikkei 36, Read. PARAGRAPHFor years, crypto and NFT investors have leveraged wash sales of dollars in tax savings through wash sales.

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What are the Wash Sale Rules for Crypto?
Cryptocurrency is exempt from wash sale rules. The IRS classifies virtual currency as property. This means crypto follows the same rules as. The wash sale rule states that your capital loss cannot be claimed on securities if you bought the same asset within 30 days of a sale. The wash sale rule prevents a taxpayer from deducting losses relating to a wash sale. crypto legislation that has become law despite years of.