jwag01
Returning Member

Crypto Taxes short term gain Question

Scenario: Bought a sum of BTCUSD on 1/2/2021 and panic sold on 1/11/2021. Then immediately rebought same day 1/11/2021. The amount was quite large and it is showing the full buy/sell/rebuy as a huge short term capitol gains tax. Is this correct? Is there any exceptions for quick sell/rebuy?