Crypto Wash-Sale Rule
Short answer: not yet. Because the IRS still classifies crypto as property, the 30-day wash-sale rule does not currently apply. You can sell at a loss and re-buy the same coin minutes later. Legislation to close this is on the table, see below.
date, type, asset, qty, price_usd. Type is buy or sell. Date is YYYY-MM-DD. Price is total per-unit USD price (not total cost).Form 8949 summary
Per-lot detail, FIFO matched. Copy into your tax software or download as CSV.
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Get the $19 audit →What is a wash sale?
A wash sale is when you sell something at a loss and buy a "substantially identical" position within 30 days before or after. For stocks, the IRS disallows the loss, you can't claim it on your return. The disallowed loss adjusts the cost basis of the replacement position instead.
Why crypto is different (for now)
Section 1091 (the wash-sale rule) applies to stocks and securities. The IRS has consistently classified crypto as property, not a security. So the rule technically doesn't apply. Several bills (most recently in the 2024 Build Back Better drafts and reintroduced in 2025) propose extending wash-sale rules to digital assets. Until one passes, the loophole is open.
Practical take
You can harvest a crypto loss and re-establish your position the same day. Document the trade. Run the calculator below to see the impact.