washsale

$BTC | Selling a loser before 31 October does not bank a deduction on its own. On the desk the test for a junior crystallising a loss fast was simple: changing your view, or just resetting cost base? A genuine exit is tax-loss harvesting. Sell then immediately rebuy the same asset and it is a wash sale, which the ATO's anti-avoidance rules target directly. SatoshiMacro's guide to legally reducing crypto tax in Australia treats that as the line between minimisation and evasion, deciding if your 50 percent discount after 12 months survives scrutiny. My read: most people rushing this week are panic-selling and buying back within days, not gaming anything. General information, not tax advice.
https://satoshimacro.com/guides/crypto/how-to-reduce-crypto-tax-australia/?utm_source=binance_square&utm_medium=social&utm_campaign=autopilot_short-2
#SatoshiMacro #CryptoTax #WashSale #Bitcoin