To keep away from violations of the wash sale rule, traders ought to take into account the wash sale rule, spend money on crypto mutual funds after incurring a loss on the sale of a crypto asset, or buy one other asset with a really excessive correlation with it.
Normally, traders can scale back the chance of violating wash sale guidelines by ready at the very least 31 days earlier than repurchasing a considerably equivalent safety or crypto asset, or by promoting a safety or crypto asset at a loss and instantly shopping for an analogous title however not considerably. equivalent safety or cryptographic asset.
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