Do wash sales apply to cryptocurrency transactions in an IRA?

3 answers

• Alex FlemingJun 23, 2020 · 5 years ago
  Yes, wash sales rules can be applied to cryptocurrency transactions within an Individual Retirement Account (IRA). The IRS considers cryptocurrencies as property, and wash sale rules apply to the sale of securities or property. Therefore, if you sell a cryptocurrency at a loss within your IRA and repurchase the same or a substantially identical cryptocurrency within 30 days, the loss may be disallowed for tax purposes. It's important to consult with a tax professional to understand the specific rules and regulations regarding wash sales in IRAs.
  551

  276
• Muhammad HuzaifaJun 30, 2025 · a month ago
  Absolutely! Just like with stocks and other securities, wash sale rules can also be applied to cryptocurrency transactions within an Individual Retirement Account (IRA). This means that if you sell a cryptocurrency at a loss and repurchase the same or a substantially identical cryptocurrency within 30 days, the loss may be disallowed for tax purposes. It's crucial to keep track of your transactions and consult with a tax advisor to ensure compliance with the IRS regulations.
  479

  160
• McCracken RavnJan 17, 2021 · 5 years ago
  Yes, wash sales rules do apply to cryptocurrency transactions within an Individual Retirement Account (IRA). The IRS treats cryptocurrencies as property, and the wash sale rules are designed to prevent taxpayers from claiming artificial losses by selling and repurchasing the same or substantially identical assets. If you engage in a wash sale within your IRA by selling a cryptocurrency at a loss and buying it back within 30 days, the loss may be disallowed for tax purposes. It's always a good idea to consult with a tax professional to understand the specific rules and implications of wash sales in IRAs.
  610

  153