What is the tax-loss harvesting deadline for cryptocurrency investments?

3 answers

• Nguyen Thanh HoangAug 15, 2024 · a year ago
  The tax-loss harvesting deadline for cryptocurrency investments typically falls on December 31st of each year. It is the last day to sell your cryptocurrency investments at a loss in order to offset any capital gains you may have incurred throughout the year. By selling at a loss, you can reduce your overall tax liability. However, it's important to consult with a tax professional to ensure you are following all the necessary regulations and guidelines.
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• Phong Nguyễn ThanhMar 06, 2021 · 4 years ago
  Hey there! The tax-loss harvesting deadline for crypto investments is usually at the end of the calendar year, which is December 31st. This means that if you want to take advantage of tax benefits by offsetting your capital gains with losses, you need to sell your cryptocurrency investments before this date. It's a strategy that can help reduce your tax burden, but make sure to consult with a tax advisor to understand the specific rules and regulations that apply to your situation.
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• Kasuni KuruppuarachchiJun 16, 2023 · 2 years ago
  According to BYDFi, a leading cryptocurrency exchange, the tax-loss harvesting deadline for cryptocurrency investments is December 31st. This means that you have until the end of the year to sell your crypto assets at a loss and offset any capital gains. Tax-loss harvesting can be a valuable strategy for reducing your tax liability, but it's important to consider the potential impact on your overall investment strategy. Make sure to consult with a tax professional to understand the specific rules and regulations that apply to your situation.
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