InvestorsHub Logo
Followers 22
Posts 1547
Boards Moderated 0
Alias Born 04/08/2006

Re: GreedyAgorist post# 17176

Sunday, 07/26/2020 3:32:58 PM

Sunday, July 26, 2020 3:32:58 PM

Post# of 36150
All great points, but I was reading where wash sales don’t apply to Cryptocurrencies. Below is what I found on a google search, but definitely check with your tax person, the rules could have changed. I’m sure they will change once Crypto’s start to spool up again.
—————-

The IRS specifically states that wash sale rules only apply to securities. Cryptocurrencies are property, not securities, as defined by IRS guidance. This means that wash sales rules do not apply to cryptocurrency at this time.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent XRPUSD News