How does tax loss harvesting work with crypto?

1 answers

• Mr Buddy Pet ShopNov 08, 2024 · a year ago
  As a representative of BYDFi, I can say that tax loss harvesting with crypto is a popular strategy among cryptocurrency traders. It allows traders to minimize their tax liability by strategically selling cryptocurrencies at a loss. However, it's important to note that tax laws and regulations surrounding cryptocurrencies can be complex and vary by jurisdiction. It's always a good idea to consult with a tax professional who specializes in cryptocurrency taxation to ensure compliance and maximize the benefits of tax loss harvesting.
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