What is the wash-sale rule, and does it apply to crypto? By Cointelegraph
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To avoid wash-sale rule violations, investors should consider the wash-sale rule, invest in crypto mutual funds after incurring a loss from the sale of a crypto asset, or buy another asset with a very high correlation to it.
In general, investors can reduce the risk of wash-sale rule violations by waiting at least 31 days before buying back a substantially identical security or crypto asset, or by selling a security or crypto asset at a loss and immediately buying a similar but not substantially identical security or crypto asset.
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To avoid wash-sale rule violations, investors should consider the wash-sale rule, invest in crypto mutual funds after incurring a loss from the sale of a crypto asset, or buy another asset with a very high correlation to it.
In general, investors can reduce the risk of wash-sale rule violations by waiting at least 31 days before buying back a substantially identical security or crypto asset, or by selling a security or crypto asset at a loss and immediately buying a similar but not substantially identical security or crypto asset.
Continue Reading on Coin Telegraph
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