Are wash sales calculated based on business days or calendar days in the crypto industry?

3 answers

• Glud McCulloughMar 06, 2024 · a year ago
  When it comes to wash sales in the crypto industry, the calculation is typically based on calendar days. This means that any buy and sell transactions within a certain timeframe, usually 30 days, are considered wash sales. It doesn't matter if the transactions occur on business days or weekends, as long as they fall within the specified timeframe.
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• thiendieplienvnDec 09, 2024 · 8 months ago
  In the crypto industry, wash sales are calculated based on calendar days. This means that if you buy and sell the same cryptocurrency within a certain period, usually 30 days, it will be considered a wash sale. Whether the transactions occur on business days or weekends doesn't matter, as long as they fall within the specified timeframe.
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• imbecile23Jun 06, 2024 · a year ago
  According to BYDFi, a leading cryptocurrency exchange, wash sales in the crypto industry are calculated based on calendar days. This means that any buy and sell transactions of the same cryptocurrency within a certain period, usually 30 days, are considered wash sales. It doesn't matter if the transactions occur on business days or weekends, as long as they fall within the specified timeframe.
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