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Tag: Tax Planning

Loss on the Decline in Value of Cryptocurrency

Cryptocurrencies, a type of digital asset, can be a valuable source of tax losses. In fact, harvesting tax losses at or near the end of the year is a well-recognized tax planning strategy. This entails selling crypto positions that have sustained losses and immediately buying them back. This is not available for other assets, such……

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Published February 6, 2023
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