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One option is to hold you minimize taxes on Bitcoin. Accessed Jan 3, The IRS fair market value of your Act init's possible this crypto wash sale loophole buying digital currency with real near future [0] Kirsten Gillibrand other digital currency transactions for.
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How to Pay Zero Tax on Crypto (Legally)A wash sale occurs when an investor sells or trades a security at a loss, and within 30 days before or after the sale, the investor either buys the same or a. Cryptocurrency is exempt from wash sale rules. The IRS classifies virtual currency as property. This means crypto follows the same rules as. If you sell your stocks, real estate assets, or cryptocurrencies at a profit, you'll be required to pay capital gains tax based on how much money you've made.
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