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JUST IN: 🇺🇸 Biden to propose new tax rules for #Bitcoin , removing the ability to tax-loss harvest. - WSJ

Soooo… they are saying it’s here to stay and there’s no point in selling for a loss?

91❤️3🤙6

peterzander · 178w

For Bitcoin only?and what is tax-loss?

Smaug · 178w

Tax loss harvesting is for people that try to increase their total fiat money. I’m not selling and buying bitcoin back at a loss to pay less on my taxes.

Jordan · 178w

Don't worry, Bitcoin will still be here long after the government and taxes have crumbled to dust.