Always consult with your CPA to verify your tax situation. I am not a tax advisor! Today’s video talks about the tax law related to stocks and (potentially in the future) cryptocurrency investments. I hope this video was helpful to you!
Link to the IRS Tax Code (page 56 for Wash Sale rules): https://www.irs.gov/pub/irs-pdf/p550.pdf
Watch this video next on Dollar Cost Averaging: https://youtu.be/TveB3d2xR7U
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Todays Video on What is a Wash Sale:
00:00 Warning about Tax Law
00:26 Cutting Losses – Good or Bad?
01:41 Capital Gains Tax on Investments
02:20 What is the Wash Sale
04:18 What about IRAs?
05:24 What about Cryptocurrency?
*Disclaimer: Bob is not a financial advisor. Please contact a professional financial advisor prior to making any decisions including the info presented in the wash sale explained video. Some of the links and other products that appear on this video are from companies in which Bob Sharpe earns an affiliate commission or referral bonus. Bob Sharpe is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.