Some elements of the legislation may change during negotiations.Investors looking to take advantage of the crypto tax loophole may also inadvertently run afoul of existing rules if they're not careful.
The IRS essentially wants an investor to bear some economic risk for the sale — meaning some risk of loss, Levine said. "Time is always your best argument," Levine said."But given the volatility, and the fact it's constantly trading, I think you have much more flexibility with crypto than you do with anything else.Even if crypto is ultimately subject to wash-sale rules, investors may be able to work around them by speedily establishing positions in a different coin without getting tripped up.
Source: Digital Coin News (digitalcoinnews.net)
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