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wash sale – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Tue, 02 May 2023 16:15:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png wash sale – DIGIT INFO https://www.digit.info 32 32 What is the wash-sale rule, and does it apply to crypto? https://www.digit.info/what-is-the-wash-sale-rule-and-does-it-apply-to-crypto/ Tue, 02 May 2023 16:15:00 +0000 https://www.digit.info/2023/05/02/what-is-the-wash-sale-rule-and-does-it-apply-to-crypto/

The wash-sale rule disallows the deduction of losses if identical securities or crypto assets are repurchased within 30 days.

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]]> US Lawmakers Propose to Subject Cryptocurrencies to Wash Sale Rule https://www.digit.info/us-lawmakers-propose-to-subject-cryptocurrencies-to-wash-sale-rule/ Thu, 16 Sep 2021 23:30:54 +0000 https://www.digit.info/2021/09/16/us-lawmakers-propose-to-subject-cryptocurrencies-to-wash-sale-rule/ Read more]]> US Lawmakers Propose to Subject Cryptocurrencies to Wash Sale RuleA committee of the U.S. House of Representatives has proposed to subject cryptocurrencies to the “wash sale” rule. Since cryptocurrencies are treated as property by the Internal Revenue Service (IRS), they are currently not subject to the wash sale rule. This proposal attempts to close down a big crypto tax loophole. Crypto Included in New […]

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