How can I use tax loss harvesting to offset gains from my cryptocurrency investments?
Hamza Aldeek recordingsDec 08, 2021 · 4 years ago1 answers
I have made some gains from my cryptocurrency investments and I heard about tax loss harvesting. How can I use tax loss harvesting to offset these gains and reduce my tax liability?
1 answers
- Abdessamad El mouktassidMay 27, 2025 · 2 months agoTax loss harvesting is a strategy that involves selling investments that have experienced losses to offset the gains made from other investments. It can be a useful tool for cryptocurrency investors to reduce their tax liability. However, it's important to note that tax laws and regulations can vary by jurisdiction, so it's recommended to consult with a tax professional who is familiar with cryptocurrency taxation in your specific country or region. They can provide guidance on how to properly execute tax loss harvesting and ensure compliance with local tax laws.
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