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What strategies can cryptocurrency traders use to avoid wash sale disallowed penalties?
Lehmann HardyMar 29, 2022 · 3 years ago1 answersWhat are some effective strategies that cryptocurrency traders can employ to prevent wash sale disallowed penalties?
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- To avoid wash sale disallowed penalties, cryptocurrency traders should keep a detailed record of their trades, avoid repurchasing the same cryptocurrency within 30 days, diversify their holdings, consider using different exchanges, and seek professional advice.Mar 29, 2022 · 3 years ago
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