Bitcoin’s 30% slide fuels year‑end tax‑loss moves; no IRS wash‑sale rule for crypto

After a roughly 30% drop from its yearly peak, Bitcoin holders are increasingly harvesting losses before December 31 to offset gains elsewhere, with the S&P 500 up 18% year to date. Advisers note that IRS wash‑sale rules don’t cover crypto, enabling same‑day sell‑and‑rebuy trades, while new Form 1099‑DA reporting is slated to begin in 2026.