Taxanons...

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Taxanons... Anonymous Fri, Oct 16, 2020 19:58:43 No.23323685 [Reply] [Original]

>coin drops in value
>sell to stable coin and then buyback
>report as a realized loss on taxes

??? Does this work? Technically all swaps are taxable right?

>>	Anonymous Fri, Oct 16, 2020 20:00:09 No.23323704 Yes. In stocks apparently its illegal under wash trading which again apparently doesnt apply to crypto unless something changed

>>	Anonymous Fri, Oct 16, 2020 20:09:13 No.23323828 >>23323704 Damn...Hodlbros we got too cocky...

>>	Anonymous Fri, Oct 16, 2020 20:40:40 No.23324315 Use flame.exchange, no kyc

>>	Anonymous Fri, Oct 16, 2020 20:41:27 No.23324322 >>23323828 well the losses only carry over $3k per year

Anonymous Fri, Oct 16, 2020 20:45:55 No.23324394
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Yes but few things can go wrong. First, you wind up with less than you paid because of market factors lap, resets the clock for capital gains tax so if your holding moons then you have to hold longer for a 0 percent capital gain.

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