Question for tax lawyers: can you sell something to yourself? Or, is a true sale, by definition, a transaction between two distinct legal entities?
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Why are you asking ? Genuine question 🤔
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Sell bitcoins for a tax-relevant loss, without actually changing the nature of your holdings?
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yeah, always nice to have the option of realizing losses while effectively maintaining the same % share of ownership in an asset.
A buddy of mine got his bitcoin stack repriced during his divorce (he kept all the bitcoin). Not a great or convenient way to realize losses but it’s there…
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Does the IRS recognise that?
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