Hey all, so I was interested in trying to minimize the amount of taxes I pay by using a tax loss harvesting method for crypto where I sell one of my investments and then buy it back in a very short period of time. There were many crypto tax websites recommending this so I thought why not. But after doing research it appears that there's something called the economic substance doctrine that basically states, if you do something specifically for tax purposes, it's not allowed and you can be fined.
How likely is it for me to get in trouble for this?
