Since there’s no wash sale rule on crypto, anyone selling and buying immediately to capture losses? I have some old crypto (2013) and some new (DCA 2017-2021). I haven’t really tried doing this but interested if others have. Doesn’t feel worth the fees, but for my old coins feel like it would step up the basis without any major tax consequence.

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Considering you bought in 2013 you’ll probably have some taxable gains. Maybe they offset with their 2021 acquisitions.

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Yeah essentially that’s the idea— all the old coin would have a gain, but some recent losses would chip it down quite a bit. I’d probably end up owing taxes if I do all of it as my gains far exceed losses. Well, I guess if I lock in other investment losses before Dec I can use those too. Maybe not worth the complexity, leaning against it.

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I’m considering this. Going to take a longer look at my portfolio tomorrow and decide next steps.

I want to do this but with Grayscale’s GBTC. Since it’s a “stock” it triggers the wash rule. Does anyone know if it’s safe to buy Grayscale’s ETHE and not trigger the wash rule? If so, my plan is to sell the GBTC, bounce it over to ETHE, then back to GBTC after a month.

I realize that both are stocks. What I’m getting at is, sometimes people buy a different stock to get around the rule, but the stock has to be “different” enough. Is ETHE different enough from GBTC?

Just do the math and see if it makes sense

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