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But just like the weather, is with the statutory language of the wash sales rule.
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When to Sell Your Cryptocurrency: Profit Taking Guide!The Wash Sale Rule applies to transactions made 30 days before or after the sale. So, even if you wait to repurchase the asset until 30 days. The wash sale rule prevents a taxpayer from deducting losses relating to a wash sale. Digital assets (such as cryptocurrency) are currently. The IRS classifies virtual currency as property. This means crypto follows the same rules as stocks and bonds�you pay tax if you sell, exchange, spend, or convert crypto for more than it costs you, and deduct losses if you receive less than what you paid.
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