What is the wash-sale rule, and does it apply to crypto?
The wash-sale rule disallows the deduction of losses if identical securities or crypto assets are repurchased within 30 days.
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US Lawmakers Propose to Subject Cryptocurrencies to Wash Sale Rule
A committee of the U.S. House of Representatives has proposed to subject cryptocurrencies to the “wash sale” rule. Since cryptocurrencies are treated as property by the Internal Revenue Service (IRS),…