Tax loopholes are interesting gaps in the IRS code which you can use to reduce your taxes, legally. This post discusses an important crypto tax loophole which could significantly reduce your crypto tax bill. Cryptocurrency trading has one major tax benefit that traditional stock trading does not offer (unless you are a full-time “trader” for tax purposes). Since cryptocurrencies are treated as “property” wash sales rule which is applicable to stocks are not applicable to crypto. Not having to follow wash sales rule is extremely beneficial for tax purposes especially during times where your positions have gone down in ... (full story)