Grateful for mini Bitcoin pullback right before EOY bonus hits and gets auto converted with nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9
Every paycheck is now great again thanks nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle 🫡
Have you had to handle the wash-sale rule yet?
(Assumes you fall subject to it.)
I don't believe wash sale applies to Bitcoin yet.
That's a fair point. I'll have to read the IRS directives carefully. I suggest acting as if it does, at least in tax calculations. Whether or not you apply it to the amount paid is a different story.
From Coinledger Website: "At this time, the wash sale rule does not apply to cryptocurrency. Taxpayers are likely allowed to claim capital losses on cryptocurrency if they buy it within 30 days of selling it. "
source https://coinledger.io/blog/crypto-wash-sale-rule
I will likely just keep everything clean and file what Strike gives me as 1099-B at the end of the year
