🚨🚨 What’s the 30-Day Rule in Crypto? 🤔💭
💬 “Crypto vs. the Wash Sale Rule”
The Wash Sale Rule (aka the 30-Day Rule) limits investors from claiming tax losses on stocks or securities if they buy them back within 30 days of selling. 📉⏳
But here’s the twist — cryptocurrencies and NFTs aren’t bound by this rule! 😎
That means you can sell at a loss and instantly buy back — and still keep your tax benefits. 💰💫