IRS is planning to extend "wash sale" rule to Bitcoin and all crypto. The "wash sale" rule disallows claiming losses on any asset sold and re-bought within 31 days. It will kill day trading through new and substantial tax liability for active traders of Bitcoin and other crypto.

https://www.forbes.com/sites/shehanchandrasekera/2021/09/13/cryptocurrency-may-soon-be-subject-to-wash-sale-rules/?sh=35d5a17159d3

submitted by /u/Extremely-Bad-Idea
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