Does wash sale apply to crypto

does wash sale apply to crypto

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Crypto Wash Sale Rule? Crypto Tax Loss Harvesting
Cryptocurrency is exempt from wash sale rules. The IRS classifies virtual currency as property. This means crypto follows the same rules as. Currently, the wash sale rule applies only to securities (like stocks). However, Bitcoin and other cryptocurrencies are classified as property by the IRS. As a. Yes, the wash-sale penalty rule applies to crypto and other assets subject to capital gains taxes. However, there is no proper legislation in.
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