Replying to foobarbazqux

Have you had to handle the wash-sale rule yet?

(Assumes you fall subject to it.)
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frenchHODL 1y ago

I don't believe wash sale applies to Bitcoin yet.

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foobarbazqux 11mo ago 💬 2

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.

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frenchHODL 11mo ago

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

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foobarbazqux 11mo ago

Thank you for the reference.

Coinledger's business depends on knowing these details, and they seem like a good source.

Please keep reporting on your experience with strike here And on Twitter. I follow it with great interest, and consider following your example.