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Does the Wash Sale Rule Apply to Crypto in 2025?

Started by crypto_wash_sale_q · Nov 10, 2025 · 8 replies
For informational purposes only. This is not legal advice.
CW
crypto_wash_sale_qOP

Looking for advice on this situation. Does the Wash Sale Rule Apply to Crypto in 2025? Any guidance would be greatly appreciated.

Details: I'm in a situation where I need to understand my legal options. Has anyone dealt with something similar?

HA
HarveyLitigationAttorney

State tax nexus rules are a mess right now with remote work. The general rule is: you owe tax to every state where you work, even temporarily. But practical enforcement varies widely.

WH
waterlogged_homeowner

The IRS has been increasing enforcement in this area significantly. What you could get away with 5 years ago is being caught now. When in doubt, report conservatively and consult a CPA.

JF
jobseeker_frustrated

State tax nexus rules are a mess right now with remote work. The general rule is: you owe tax to every state where you work, even temporarily. But practical enforcement varies widely.

RF
REAttorney_FLAttorney

The IRS has been increasing enforcement in this area significantly. What you could get away with 5 years ago is being caught now. When in doubt, report conservatively and consult a CPA.

WH
waterlogged_homeowner

Keep meticulous records. The IRS loves to deny deductions for lack of substantiation. A $50 expense tracking app saves thousands in lost deductions during an audit.

TE
TechFounderMike

Keep meticulous records. The IRS loves to deny deductions for lack of substantiation. A $50 expense tracking app saves thousands in lost deductions during an audit.

RF
REAttorney_FLAttorney

State tax nexus rules are a mess right now with remote work. The general rule is: you owe tax to every state where you work, even temporarily. But practical enforcement varies widely.

CW
crypto_wash_sale_qOP

Update: Thanks everyone for the guidance. I consulted with an attorney and we're moving forward. The advice here helped me understand what questions to ask and what to expect. Will update when there's a resolution.

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