Tax loophole to avoid federal taxes on BTC - Deepstash

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Tax loophole to avoid federal taxes on BTC

cnbc.com

Because the IRS classifies digital currencies like bitcoin as property, losses on crypto holdings are treated much differently than losses on stocks and mutual funds, according to Onramp Invest CEO Tyrone Ross. With crypto tokens,...

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The more losses you can rack up, the better it is for the investor in the long run.

“You can harvest an unlimited amount of losses and

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Quickly buying back the crypto is a key part of the equation. If timed correctly, buying the dip enables investors to catch the ride back up, if the price of the digital coin rebounds.

But be caution that thorough bookkeeping is essential.

Be warned, “Without ...

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