Recent weeks have seen a flurry of cryptocurrency news, from Tesla announcing just a few days ago that it's still holding $1.3 billion worth of bitcoin -- and that it's also planning to accept bitcoin as payment soon. The city of Miami is also continuing to talk up MiamiCoin, its own cryptocurrency token that would be used to fund development projects in the Magic City.
Meantime, some crypto market investors are celebrating the recent 46% dip from the market's all-time high in May. That's because of a tax loophole which has been garnering headlines in recent weeks. This particular loophole treats crypto losses differently than losses associated with an asset like a stock. And more awareness of it comes at a time when Democratic lawmakers in Congress want to squeeze crypto investors for more money.
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If you own any cryptocurrency, there’s a secret tax loophole that can save you thousands originally appeared on BGR.com on Thu, 29 Jul 2021 at 21:25:31 EDT. Please see our terms for use of feeds.
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