Nostr Web Client

Replying to

JUST IN: 🇺🇸 Biden to propose new tax rules for #Bitcoin , removing the ability to tax-loss harvest. - WSJ

Soooo… they are saying it’s here to stay and there’s no point in selling for a loss?

peterzander 2y ago

For Bitcoin only?and what is tax-loss?

Reply to this note

Please Login to reply.

Discussion

QW 2y ago

If I bought Bitcoin at 69k and sold at 15k I could write the loss off on my taxes. So I would sell before year end to harvest the loss. Then buy again

peterzander 2y ago

Is that good for Bitcoin,in general?

QW 2y ago

In general, nothing stops the train however it removes the incentive to sell for a loss. So in a high time preference lens, yes.