Yes. Tax loss harvesting is only available to Swan Private clients. Although we cannot provide tax advice, we are happy to sell and rebuy Bitcoin for Private clients. This service can only be completed during business hours (9-5 pm) Monday-Friday Pacific time.
- 1.29% total fee
- No spread charged by Swan
- Small, variable <1% spread charged by our OTC desk
Following the sell and rebuy, you will see a record on your dashboard, as well as on your statements page. Then in January of the year following your tax loss harvest, you will receive a 1099 form from Prime Trust, documenting the sale.
If you need to deposit Bitcoin in order to complete the tax loss harvesting please read here for instructions on how to do so.
If you wish to complete this process, please reach out to your Swan private client representative stating exactly how much Bitcoin you wish to sell and rebuy.