5 Last-Minute Moves to Save on Taxes

·6-min read
5 Last-Minute Moves to Save on Taxes

You're allowed to offset any capital gains you've taken this year with the losses, as well as up to $3,000 in personal income. This violates the wash-sale rule, which stipulates that if you buy back a substantially similar asset within 30 days of a loss-making sale, it's as if the sale never happened. Interestingly, the wash-sale rule doesn't apply to cryptocurrency.

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