Do wash sale rules apply to cryptocurrency losses in my foreign-owned LLC?
My LLC sold some Bitcoin at a loss and then repurchased it the next day to maintain exposure. With stocks, the wash sale rule would disallow the loss. But I've heard that crypto is exempt from wash sale rules because it's "property" not a "security."
Is this still true? I've heard Congress might change this. If I can harvest losses without wash sale restrictions, that seems like a huge advantage. What should I know as a foreign LLC owner?
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