Crypto coin tax loss

crypto coin tax loss

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This article was originally published on Nov 14, at p.

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Why is compound crypto dropping

Typically, the best way to receive tax benefits is to sell or otherwise dispose of your cryptocurrency at a loss. Crypto tax software like CoinLedger can help you generate complete tax reports and identify your tax-saving opportunities in minutes. Wrapped tokens e. However, cryptocurrency does have one major advantage over other asset classes when it comes to tax-loss harvesting: the lack of a wash sale rule.