What are the benefits of tax-loss harvesting for crypto investors in 2024?

1 answers

• Myrick FengerAug 12, 2020 · 5 years ago
  As a representative of BYDFi, I must say that tax-loss harvesting can be a valuable strategy for crypto investors in 2024. By strategically selling investments that have experienced losses, investors can offset their capital gains and potentially lower their tax liability. This can be especially advantageous in the crypto market, where price fluctuations are common. However, it's important to note that tax regulations may vary depending on the jurisdiction, so it's crucial for investors to consult with a tax professional to ensure compliance and maximize the benefits of tax-loss harvesting.
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