Tag: Harvesting
What You Need to Know About Crypto Tax Loss Harvesting
For example, suppose that you purchased $50,000 worth of bitcoin on Coinbase. After 40 days, the price fell, and you sold the position for $40,000, in [...]
Think AI tools aren’t harvesting your data? Guess again
The meteoric ascent of generative artificial intelligence has created a bonafide technology sensation thanks to user-focused products such as OpenAI’s [...]
‘Biggest mistake’ is not using tax loss harvesting: Koinly head of tax
Failing to utilize tax loss harvesting is one of the biggest mistakes people make on their tax returns, according to Danny Talwar, the head of tax at [...]
OpenAI faces Canadian privacy probe alleging personal info harvesting
OpenAI, the creators of artificial intelligence (AI) chatbot ChatGPT, is under investigation by Canada’s privacy commissioner for alleged collection a [...]
Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole
The president's team has already passed one crypto tax-related piece of legislation into law; in 2021, the Bipartisan Infrastructure Framework, which [...]
What is crypto tax-loss harvesting, and how does it work?
Crypto tax planning can help optimize taxes by identifying opportunities to minimize tax liability on cryptocurrency transactions. For instance, donat [...]
Tax-Loss Harvesting Platform Unsellable is Building ‘The World’s Largest Collection of Worthless NFTs
The majority of NFTs purchased by the site are derivative projects – meaning, collections based on other popular projects that are often made worse. T [...]
Why NFT Tax-Loss Harvesting Remains a Challenge for Investors
Why NFT Tax-Loss Harvesting Remains a Challenge for Investors
www.coindesk.com [...]
What Is Tax Loss Harvesting? How to Save on Crypto Taxes While Still Hodling Bitcoin
Bitcoin investors can select three different accounting treatments for their bitcoin. These are Specific ID (HIFO, or highest in, first out), last-in [...]
Portfolio in the red? How tax-loss harvesting can help stem the pain
Crypto investors — particularly those that bought in toward the top of the market in 2021 — may be able to find some salvation through a tax-saving st [...]
Tax-loss harvesting turns losses into gains. Here’s when to skip it
When the stock market dips, a strategy known as tax-loss harvesting can be a silver lining. But it doesn't make sense for all portfolios, financial ex [...]
Institutional tax-loss harvesting weighs on the Bitcoin price as 2021 comes to a close
2021 has been a breakout year for the cryptocurrency market as a whole despite the year-end struggles that have kept the price of Bitcoin (BTC) pin [...]