Wash Sale Rule – The Burns Firm – Advisors of Complex Financial Matters

Crypto Losses Are Currently Exempt from the Wash Sale Rule

October 26th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Crypto, cryptocurrency, Dallas CPA, Services, Tax, Tax Advisor, The Burns Firm, Wash Sale Rule|Tags: Crypto Currency, Crypto Losses Exempt from Wash Sale Rule, cryptocurrency, tax, tax advisor, The Burns Firm, Wash Sale Rule|

The IRS classifies cryptocurrencies as property rather than securities. So, the wash sale rule doesn't apply if you sell a cryptocurrency holding for a loss and acquire the same [...]

Beware of the Wash Sale Rule When Harvesting Tax Losses

October 24th, 2023|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Services, Tax, Tax Advisor, The Burns Firm, Wash Sale Rule|Tags: tax, tax advisor, Tax Losses and the Wash Sale Rule, The Burns Firm, Wash Sale Rule|

If you lose money on a stock investment in a taxable brokerage firm account, the good news is that you can usually harvest a tax-saving capital loss deduction by selling that [...]

Selling Securities by Year End? Avoid the Wash Sale Rule

November 21st, 2019|Categories: Accounting, Burns Firm, Business, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Return|Tags: CPA Dallas, sell securities before end of 2019, selling securities, tax, Tax planning, The Burns Firm, Wash Sale Rule|

If you’re planning to sell assets at a loss to offset gains that have been realized during the year, it’s important to be aware of the “wash sale” rule. How [...]