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Questions tagged [harvesting crypto]

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Raffaele Raffaele Tue Dec 10 2024 | 6 answers 942

Can you tax loss harvest crypto?

I'm wondering if it's possible to apply tax loss harvesting strategies to cryptocurrencies. I've heard of this technique for stocks, but I'm not sure if it works the same way for crypto investments.

Can you tax loss harvest crypto?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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