Sell on Dec 31st and Buy on Jan 1st for Taxes?
4a hace•
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I got into BTC in Nov, I'm in for the long run. I put in 15k, nothing gigantic, but a good amount for a first time. I'm currently down about 3k. I don't care, I'm in for the long run. But I was wondering, should I sell on Dec 31st 11h45 PM and buy back on Jan 1st 12h15 AM to take my 3k lost home for the taxes?
I live in Canada and I have a good enough income that this portion of my salary is taxes around 50%, so we are talking about a potential "easy" 1,5k.
Thoughts?
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4a hace•
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