12d • 🔥 Crypto Tax Q&A
The mid-year move most crypto investors never make (but should)
Most crypto investors only think about taxes in April. The ones who build real wealth think about them in May.
Here's the move almost no one talks about: mid-year tax-loss harvesting.
You don't have to wait until December. Right now — May — is one of the best times to audit your portfolio for positions sitting at a loss. You have 7+ months to reallocate before year-end, and markets have already moved significantly since January.
As an EA, I see clients leave tens of thousands on the table every year simply because they didn't review their unrealized losses mid-year.
Here's what to look for right now:
→ Any position worth less than what you paid? That's a harvestable tax loss.
→ Losses offset gains dollar-for-dollar before the IRS gets a cent.
→ No wash sale rule on crypto (for now) — you can sell and immediately rebuy the same coin.
Tax Day just passed. That makes this the single best window to start planning for next April — before most people even think about it.
What coin or position are you currently sitting on a loss in? Drop it below 👇
— Samuel Oduro, EA | Empower Capital | empowercapital.co
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The mid-year move most crypto investors never make (but should)
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