Ask the Hammer: Does the "Wash Sale" Rule Apply to Crypto Investments?

Jeffrey Levine, chief planning officer at Buckingham Wealth Partners, discusses in this Retirement Daily video whether the wash sale rule applies to crypto investments.
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Does the wash sale rule apply to crypto investments?

That's the question Jeffrey Levine, chief planning officer of Buckingham Wealth Partners, answered in this episode of Ask the Hammer.

The short answer, according to Levine's recent tweet on the matter: "The wash sale rule does not apply to crypto investments. So if you bought some BTC, ETH, or another crypto that's recently taken a plunge, you can sell it to lock in the capital loss, and buy it back shortly afterward. Don't need need to wait 30+ days!"

Hammer wash sale

Should you invest in crypto? Check out Ask the Hammer: Should I Invest in Bitcoin?

And https://www.thestreet.com/retirement-daily/your-money/should-you-invest-in-crypto

Got Questions?

Email AsktheHammer@BuckinghamGroup.com.

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Got Questions?

Email AsktheHammer@BuckinghamGroup.com.

More Ask the Hammer

How Much Should I Spend on an Engagement Ring?

Is It Worth Getting Earthquake Insurance?

What Should I Do with My Finances in Advance of Cognitive Decline?

How Can I Lower My Taxable Income?

Should I Take the Survivors Benefit or My Social Security Benefit?

How is My Credit Score Used?

Do I Need to Work One More Quarter to Qualify for Social Security?

Should I Invest in Real Estate as a Way to Diversify My Portfolio?

Do I Need a Roth IRA Conversion Plan?

How Should I Invest the Fixed-income Portion of Your Portfolio

Should Parents Provide Financial Support to Adult Children?

What's the Value of a Risk Tolerance Questionnaire?

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What Are The Distribution Rules for Beneficiaries of Inherited IRAs?

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What are the Tax Consequences to Selling Assets in a UTMA or UGMA

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