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Message
Crypto losses aren't subject to wash sale rules
Posted on 11/14/22 at 7:09 am
Posted on 11/14/22 at 7:09 am
but do those rules apply if the crpto is inside an ETF such as DAPP or BKCH?
Posted on 11/14/22 at 9:09 am to Rex Feral
I doubt it but not 100% sure on those specific ones.
I know for GBTC wash sale rules do apply.
I know for GBTC wash sale rules do apply.
Posted on 11/14/22 at 9:52 am to Rex Feral
This article says the crypto loophole doesnt apply to crypto stocks and funds. They're taxed like any other security. Yahoo Smart Asset
Posted on 11/14/22 at 10:07 am to Rex Feral
When you buy or sell an etf that holds crypto, you aren't buying or selling the crypto, you are buying or selling a security, so thus normal cap gain tax rules apply.
This post was edited on 11/14/22 at 12:13 pm
Posted on 11/14/22 at 10:31 am to Rex Feral
quote:
but do those rules apply if the crpto is inside an ETF such as DAPP or BKCH?
They do because the actual security is the EFT, not the Crypto.
Posted on 11/14/22 at 10:47 am to Rex Feral
Yes...if traded on the stock exchange..
Posted on 11/14/22 at 11:14 am to SalE
What happens when your crypto up and vanishes can that be a loss … asking for a friend …
Posted on 11/14/22 at 11:35 am to CE Tiger
Yes. It's value is considered $0.
Posted on 11/14/22 at 12:04 pm to Rex Feral
You are buying and selling the ETF, not the assets inside of it. Wash sale rules apply to the ETFs therefore they would apply to you.
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