Tax-loss harvesting will be available for assets acquired on BlockFi's platform that have remained on the platform. If you are interested in using tax-loss harvesting on assets acquired outside of BlockFi's platform, you will need to create a TaxBit account to add missing cost basis. TaxBit charges an annual fee depending on the plan selected and BlockFi clients get a 50% discount off their first year if they sign-up via Tax Center within 30 days after launch.
Neither BlockFi nor any of its affiliates or representatives provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. Digital currency is not legal tender, is not backed by the government, and crypto interest accounts are not subject to FDIC or SIPC protections. Learn more at BlockFi.com.