SJ Ware

Blog Info Bitcoin Magazine
Blog website Link
Stats Has written 1 posts about cryptocurrency

Aug 13 2021

How Bitcoin Investors Can Enjoy This Tax Loophole Benefit, For Now

Aug 13 2021 Published at Bitcoin Magazine under tags  business irs regulation taxes wash rule

The U.S. “wash sale rule” gives bitcoin investors the chance to realize tax breaks. Here’s how.Bitcoin has digitized the transfer of value at the speed of the internet. Yet such technological leaps tend to temporarily overload a bureaucracy’s ability to keep up with regulations, laws and taxation. Currently, the IRS designates bitcoin as “property” rather than currency, and characterizes the sale of...

Know a good blog/source that is not listed? Contact us or fill the form below to add one: