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.
What is crypto tax loss harvesting?
Could you please explain what crypto tax loss harvesting is in simple terms? I've heard it mentioned in the context of cryptocurrency investments and tax optimization, but I'm not entirely sure how it works or what benefits it offers. Is it a strategy that's widely used by crypto investors, and what are the potential risks or drawbacks to consider when implementing it?