partiva

$BTC | Harvesting a crypto loss before 30 June sounds simple: sell, offset the gain. The ATO's test is narrower.

Section 102-15 ITAA 1997 lets a realised loss carry forward indefinitely against future gains, never ordinary income. Rebuy the same coin straight after with no real change in position and you risk Part IVA, the anti-avoidance rule. No US wash-sale rule here.

A trader on $130,000 income with $30,000 gains and $18,000 losses banks roughly $3,330 by harvesting before year end, a worked estimate, not tax advice.

On the desk the mistake I saw most was rebuying within hours. My read: harvest for a real reason, not the loss alone. SatoshiMacro's calculator models both sides.

https://satoshimacro.com/tools/crypto/calculators/tax-loss-harvesting-calculator/?utm_source=binance_square&utm_medium=social&utm_campaign=autopilot_short-2

#SatoshiMacro #CryptoTax #PartIVA #Bitcoin