Ashim ShresthaDec 16, 2021 · 3 years ago8 answers Are there any strategies to minimize the impact of a bitcoin wash sale in 2024?
I'm wondering if there are any effective strategies that can be used to minimize the negative impact of a bitcoin wash sale in 2024. A wash sale occurs when an investor sells a security at a loss and repurchases the same or a substantially identical security within a 30-day period. Since wash sales can result in the disallowance of capital losses for tax purposes, it's important to find ways to mitigate their impact. Are there any specific tactics or techniques that can be employed to minimize the consequences of a bitcoin wash sale in 2024?