If You're A Bitcoin Trader This Tax Loophole Will Save You Money!


Did you know that a tax loophole will save you a lot of money if you’re a bitcoin trader? For example, you can sell your crypto holdings to realize losses and buy them back without waiting for 30 days because wash sales rules do not apply to virtual currency trading. It’s a strategy that is catching on among virtual currency traders, though thorough bookkeeping is essential and without those detailed records of transactions and cost basis, it may almost be impossible to substantiate your losses to IRS. Have questions about cryptocurrency and need help? please do not hesitate to call us at (832) 295-3353. You can also set up an appointment with us at https://xqcpa-bookme.acuityscheduling.com/schedule.php. Last but not least, please like and share our daily posts. #trading #money #cryptocurrency #currency #payments #bitcoin

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https://www.cnbc.com/2021/07/25/tax-loophole-wash-sale-rules-dont-apply-to-bitcoin-ethereum-dogecoin.html