Crypto Tax Loss Harvesting: Save Big Before Year-End

Tax Loss Harvesting: A Strategic Move for Crypto InvestorsAs tax season approaches, crypto investors can capitalize on market downturns with tax loss harvesting. This strategy involves selling losing digital assets to offset gains or reduce taxable income. With accurate record-keeping and the right tools, investors can identify the best assets to sell, even avoiding wash sale rules. Despite market slumps, this move is particularly beneficial for high earners. Looking ahead, accurate cost basis and holding period tracking will be crucial with the IRSs new Form ten ninety-nine DA. Embrace this opportunity to strengthen your finances before the new year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.