For example, suppose that you purchased $50,000 worth of bitcoin on Coinbase. After 40 days, the price fell, and you sold the position for $40,000, incurring a $10,000 loss. Then, in a Ledger wallet transaction, you repurchased Bitcoin for $42,000 five days later.

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• Source: https://www.coindesk.com/consensus-magazine/2023/11/17/what-you-need-to-know-about-crypto-tax-loss-harvesting/?utm_medium=referral&utm_source=rss&utm_campaign=headlines