Wash Sale Rule

Digital Assets and Taxes: What You Need to Know

May 29th, 2025|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Crypto, cryptocurrency, Dallas CPA, Digital Assets, Tax, tax accountant, Tax Advisor, Texas CPA, The Burns Firm, Wash Sale Rule|Tags: , , , , , , , , , , , , , , , |

As the use of digital assets like cryptocurrencies continues to grow, so does the IRS’s scrutiny of how taxpayers report these transactions on their federal income tax returns. The [...]

The “Wash Sale” Rule: Don’t Let Losses Circle the Drain

May 6th, 2025|Categories: Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, The Burns Firm, Wash Sale Rule|Tags: , , , , , , , , |

Stock, mutual fund and ETF prices have bounced around lately. If you make what turns out to be an ill-fated investment in a taxable brokerage firm account, the good [...]

Crypto Losses Are Currently Exempt from the Wash Sale Rule

October 26th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Crypto, cryptocurrency, Dallas CPA, Services, Tax, Tax Advisor, The Burns Firm, Wash Sale Rule|Tags: , , , , , , |

The IRS classifies cryptocurrencies as property rather than securities. So, the wash sale rule doesn't apply if you sell a cryptocurrency holding for a loss and acquire the same [...]

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