Congressman Proposes Digital Assets Act to Extend Wash Sale Rules; Treasury Estimates $24B in 10-Year Tax Revenue

According to CNBC, Republican Congressman Jodey Arrington introduced the Applying Existing Tax Anti-Abuse Rules to Digital Assets Act in June, which aims to extend wash sale rules to digital assets. The U.S. Treasury estimates the measure could increase tax revenue by approximately $24 billion over 10 years by closing the existing loophole.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments