The year started poorly for crypto investors when prices slumped in January. Things got much worse in May with the collapse of the Terra stablecoin, and then ended in a full-on dumpster fire after FTX imploded in November. Crypto's 2022 was rotten all around—though there is a small silver lining.
That wee bit of good news for crypto investors comes in the form of a tax loophole related to so-called wash-trading that is likely to go away but for now remains intact. It lets crypto owners sell their positions for a loss in order to reap a tax credit, and then immediately repurchase them.
