Is it the right time to consider Tax Loss Harvesting your Bitcoin?

As 2022 comes to a close there is still time for tax planning. One of the things that should be considered is whether you want to Tax Loss Harvest your Bitcoin (BTC). Since many people purchased Bitcoin at a higher Fiat currency price you can sell and take the loss and then repurchase Bitcoin to maintain your position. Bitcoin is considered a digital asset by the IRS and not a security which would be subject to wash sale rules so it is perfect for people that want to continue to hold Bitcoin but want to obtain a capital loss to offset capital gains. There are limits and restrictions so please reach out if you need any assistance on this. Below is a link to a good article on on this topic: