We are in the prime window for Tax-Loss Harvesting, a critical strategy for crypto investors before the December 31st deadline. This involves selling assets that are in a loss position to offset your capital gains, potentially lowering your tax bill.

High-importance info: Unlike stocks in many jurisdictions, crypto often lacks a strict "wash sale" rule (check your local laws!), meaning some traders sell to realize the loss and immediately buy back the asset to maintain their position size while banking the tax deduction.

Lesson: A "paper loss" is painful, but a "harvested loss" is a tool. Using market dips to lower your tax liability is how smart money turns a red month into a green tax return.

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Have you harvested your losses for this year yet?

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