Sep 13, 2021・3 min readCongress is Trying to Disallow Wash Sales for CryptocurrencyThe House Committee on Ways and Means is planning to subject cryptocurrencies to the wash sale rule according to a summary report [https://drive.google.com/file/d/1hdAZHHGxKaGpwuHkKVC4gwIQ7WUzLosv/view?usp=sharing] published on September 13, 2021. Congress expects to find more tax revenue by closing down this loophole [https://www.cointracker.io/blog/a-tax-loophole-every-crypto-trader-should-know] that crypto holders have been enjoying for years. What is a Wash Sale? According to §1091 of theShehan Chandrasekera, CPA
Sep 25, 2023・14 min read・CryptoWhat are your options for reporting losses related to Bankrupt Exchanges?