Cryptocurrency Oops
I made a mistake and sold a bunch of bitcoin last year, then I bought it back (it cost me more than I received).
Is there any way to avoid the capital gains on that?
I made a mistake and sold a bunch of bitcoin last year, then I bought it back (it cost me more than I received).
Is there any way to avoid the capital gains on that?
No. When you sell it you will pay less in capital gains than you would have otherwise but because you sold it you're stuck with the taxes.
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