Kostiantyn Kocherhin (kocherginko.base.eth)

Kostiantyn Kocherhin

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Bitcoin’s drop is a tax-saving opportunity While the S&P 500 keeps hitting new all-time highs, Bitcoin is down about 30% from its peak. That means U.S. investors are sitting on large stock market gains — and those gains are taxable. But smart investors have found a workaround (using BTC). Here’s how it works: if your stocks are up $10,000, you owe the government roughly $2,000–3,000 in taxes. But if you sell Bitcoin at a $10,000 loss, that loss offsets the stock gains. The tax bill drops to zero. After that, you can buy the crypto back immediately — even a minute later. Your Bitcoin position is restored, but the tax liability is gone. This doesn’t work with stocks: you must wait 31 days between selling and rebuying, otherwise the IRS disallows the deduction. Bitcoin, however, is classified as property, not a security, so this rule doesn’t apply.

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I just placed a $1.00 bet on "25 bps decrease" using PredictBase! 🎉 Mini App by @predictbaseapp

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