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The need for comprehensive crypto tax reform will become clearer as people start interacting with blockchains – and incurring capital gains taxes – without realizing.
With bitcoin, ether and other major cryptocurrencies surging late to ride into the green, plus some good news about low crypto prices, CoinDesk’s “Markets Daily” is back with its latest news roundup.
The year 2022 has been rough in the markets, but one way to take the sting out of losses is to take advantage of tax-loss harvesting to offset any capital gains from other profits.
“This may be the first time cryptocurrency has been mentioned in the federal budget papers," said Michael Bacina, a partner at law firm Piper Alderman.