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Sell Crypto to Payoff Debt?
Sell Crypto to Payoff Debt? I’ve been carrying ~30k debt with ~4% interest for the past 3 years and I’ve also been holding ~30k of Crypto that is 10k underwater. If I sell the 30k of crypto to payoff the 30k loan, would I be able to deduct 10k worth of loses in the next 4 years from any gains? How would you think about this decision? What are the benefits or downsides? The...
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