Cryptocurrency

I think I'm breaking even in my portfolio since September of last year... Any thoughts on taking the loss on certain crypto in order to recognize the short term loss to offset my overall ST gain?

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You can sell it and buy back right away. The 30 day wash sale loss does not apply to crypto

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Like kind exchange rule changed in 2018, it now applies only to real property. You can't claim like kind exchange for crypto to crypto exchange any more

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I sold all my Dogécoin for a small gain. Too volatile and fickle for me. Right now I’m profiting off short term stock market calls and puts making me more than crypto ever has, however I only put a very small investment at risk

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I believe that based on the last time I checked the guidance, the IRS was saying that each time you trade a crypto currency for another, it's considered a taxable event. Because I went on a trading frenzy in early 2018, I had a few thousands in realized gain on my last transactions, which I will have to recognize gain unless I sell the loss cypto to offset that and recognize loss this year. I'm sort of concerned that no one will want to trade for my loss crypto (audiocoin) before the end of the year lol...

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I was also looking at this: https://www.coindesk.com/owe-irs-crypto-crypto-trades So this is concerning like-kind exchange treatment. So I think that I was have to trade the Alt coin I have back to to Bitcoin in order to recognize the loss because the last transaction I did with it was for a relatively significant gain.

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