Protect your future crypto gains
The crypto market is down, but you can celebrate the dip in prices.Because the IRS classifies digital currencies like bitcoin as property, losses on crypto holdings are treated much differently than losses on stocks and mutual funds.With crypto tokens, wash sale rules don’t apply, meaning that you can sell your bitcoin and buy it right back.
This paves the way for tax-loss harvesting. The best thing do is sell at a loss and buy back bitcoin at a lower price. You can harvest an unlimited amount of losses and carry them forward into an unlimited number of tax years.
Quickly buying back the cryptos is another key part of the equation. If timed correctly, buying the dip enables investors to catch the ride back up, if the price of the digital coin rebounds. $Bitcoin(BTC.CC$ $Bitcoin Cash(BCH.CC$ $Ethereum(ETH.CC$
This paves the way for tax-loss harvesting. The best thing do is sell at a loss and buy back bitcoin at a lower price. You can harvest an unlimited amount of losses and carry them forward into an unlimited number of tax years.
Quickly buying back the cryptos is another key part of the equation. If timed correctly, buying the dip enables investors to catch the ride back up, if the price of the digital coin rebounds. $Bitcoin(BTC.CC$ $Bitcoin Cash(BCH.CC$ $Ethereum(ETH.CC$
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风光3265 : @Pray4 tennis starLet me ask you if we sell ccxi and wait for the stock market to improve before buying it? Will it fall lower and lower
ATS A trade sniper : buy more hohoho
Mcsnacks H Tupack OP ATS A trade sniper : Sell first before you buy more. Anytime Bitcoin falls in price and you want to buy more always sell what you have and then buy back in. It creates a Tax credit.
Mcsnacks H Tupack OP 风光3265 : It should uptrend now. As long as it stays above 34.01 it will continue to increase. If it doesn’t dip below 34.46 on Monday then it should increase to 38.00. Then be back at 40.00 by Wednesday or Thursday. If it falls below 34.00 then it will have support at 31.75. Of it falls below 31.75 then that means the market is crashing and all stocks are going down with it.
风光3265 Mcsnacks H Tupack OP : OK, thank you
ATS A trade sniper Mcsnacks H Tupack OP : no. already buy and sell. hohoho
Cat army ATS A trade sniper : What is the hohoho you do at end? Is it because of Christmas coming?
Money come 88 : sg is lucky, don't have to worry about profit gain taxes![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
xiaochoochoo Mcsnacks H Tupack OP : Stocks aren't easy to catch on.
ATS A trade sniper Cat army : hohoho
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