Complete Guide to Crypto Tax-Loss Harvesting

The crypto markets are having a volatile 2020, and that means you probably lost money on your cryptocurrencies. But don’t worry – we have good news! There is a tax strategy called tax-loss harvesting that will help you reduce your investment losses.

Since crypto is treated as “property” under IRS rules, that means the same capital gains rules apply. So if you had losses from your crypto investments in 2020, make sure to read this guide to save money on your taxes.

Key takeaways:

  • How to offset any gains you had in other positions and/or offset even ordinary income
  • What are the legal requirements around tax-loss harvesting
  • How to save money on your taxes by using tax-loss harvesting