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?? No KYC Bitcoin: How To Buy Bitcoin PRIVATELYCryptocurrency is exempt from wash sale rules. The IRS classifies virtual currency as property. This means crypto follows the same rules as. However, the IRS considers digital tokens to be property, meaning the wash-sale rule doesn't apply, notes Shehan Chandrasekera, head of tax. The wash sale rule says investors are not allowed to claim capital losses on a stock if they buy the same stock 30 days before or after the sale. The purpose of.