@melomaniac007 wrote:
That's the answer I was looking for! Holy moly thank you for that detailed response. If I waited after the 30 days and then rebought my gold and took that loss from the first purchase would I then be able to deduct if from another category that I had a gain on like Crypto?
The wash sale rule applies to "substantially similar" investments. If you sell your gold at a loss, there is no requirement to wait 30 days before buying a different investment, such as a company stock or virtual currency.
