Shubhodeep MondalDec 19, 2021 · 3 years ago3 answers What are the tax implications of loss harvesting in the cryptocurrency market?
Loss harvesting refers to the strategy of selling investments at a loss to offset capital gains and reduce taxable income. In the cryptocurrency market, what are the specific tax implications of loss harvesting? How does it affect the calculation of capital gains and losses? Are there any limitations or restrictions on loss harvesting in the cryptocurrency market? How can individuals and traders take advantage of loss harvesting to optimize their tax liabilities?