Following up on yesterday's tax tip...

You might have heard about tax lost harvesting.  Selling bitcoin and then buying it right to recognize a loss for a given tax year.  

But would you ever want to harvest a tax gain?  Maybe if your gains are taxed at zero percent.  

Let's walk through an example.  

You are retired/didn't have any income for the year.  You have 1 bitcoin purchased over a year ago at $60k.   Bitcoin goes up to 100k.  You could potentially sell, buy it right back.  Realize the $40k gain taxes at zero %. And your new cost based goes from $60k to $100k


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