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The Peter Schiff Show Podcast

Tax Loss Selling in Bitcoin Ep. 32

21 min10 december 2014
Tax Loss Selling in Bitcoin Ep.32

* In 2014 Bitcoin was the worst-performing financial asset
* Spending bitcoins triggers a taxable event
* Spending or selling at a loss also reflects on your taxes
* This holiday season, harvest tax losses while shopping
* Write-off could exceed value of gift
* You can also buy bitcoins back at a savings from original cost if you wait 30 days
* Buy Gold and Silver while harvesting tax loss


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