u/Vivid_Acanthisitta

I've seen mixed answers on this, but hoping to get a definitive answer.

For a regular way US-based tax resident, do wash sale rules apply to Coinbase crypto perpetual futures? I understand they do not apply to crypto spot trades as it is considered property, but some online sources say perps are securities and so subject to wash sale rules.

For example, if I realize a loss on the sale of a BTC PERP, and then immediately re-buy BTC PERP again, is the loss disallowed?

It would be useful if anyone had this experience in 2025 and know how it was treated on their 1099-B. Thanks!