House Ways and Means just dropped a 114-page crypto tax bill. Wash sale rules now hit crypto — meaning if you sell at a loss and buy back in, you can't claim that loss anymore. Markup's tomorrow.
This is the kind of thing that sounds boring until you realize it changes how everyone trades. No more tax-loss harvesting the same bag twice in a week. Institutional stuff, but it'll trickle down fast.
This is the kind of thing that sounds boring until you realize it changes how everyone trades. No more tax-loss harvesting the same bag twice in a week. Institutional stuff, but it'll trickle down fast.