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The post didn't specify it was all short term gains. But even if they are, you still get to deduct your losses from any future capital gains once you sell at a
by antisthenes 9y ago
The post didn't specify it was all short term gains. But even if they are, you still get to deduct your losses from any future capital gains once you sell at a loss. You and a lot of other replies seem to think I was saying it's impossible and arguing against that.
It's not. It's just highly improbably and extremely imprudent.
Alternatively, his altcoins bounce back up, he sells them and this time pays the tax properly.
- votepaunchy 9y agoThe future capital gains may be at a much lower tax rate if spread over several years, so it doesn’t just cancel out.