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A comment on Show HN: CryptoTrader.Tax – Tax calculator for your crypto trading. Parent comment

Re:Show HN: CryptoTrader.Tax – Tax calculator for your crypt... by davidmurdoch on Sunday April 07, 2019 @04:41PM (#19599708)
Many people sold BTC at $14k+ and then bought back in at 10k, 5k, etc. If they didn't sell again for all of 2018 they'd only have "realized gains" and no realized loses. So on paper they'd have only have gains, as the IRS doesn't recognize the market value of your current holdings.
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Re:Show HN: CryptoTrader.Tax – Tax calculator for your crypt... by Thorrez on Sunday April 07, 2019 @06:57PM (#19600491)
Whether they bought back in doesn't make a difference. If you sell BTC, that's a taxable event.
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Re:Show HN: CryptoTrader.Tax – Tax calculator for your crypt... by gruez on Sunday April 07, 2019 @04:47PM (#19599749)
Can't they do a wash sale to create losses? That's how tax loss harvesting works.
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Re:Show HN: CryptoTrader.Tax – Tax calculator for your crypt... by andrethegiant on Sunday April 07, 2019 @05:00PM (#19599836)
Not an expert, but afaik you'd have to separate the buyback by 1 month from the wash sale for it to be valid/legal. You'd be kicking yourself if the price skyrocketed during that window.

Edit: https://help.cointracker.io/taxes/us-taxes/do-wash-sales-app...

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Re:Show HN: CryptoTrader.Tax – Tax calculator for your crypt... by xur17 on Sunday April 07, 2019 @05:14PM (#19599909)
> There is some debate as to whether wash sales apply to cryptocurrency sales, however the IRS specifically states that wash sales only apply to stocks and securities. Since the IRS has also issued guidance that cryptocurrencies are property, CoinTracker does not calculate/apply wash sales.
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