cryptoupdate
Contributor
The Biden administration is proposing to extend the wash sale rule to digital assets
The administration aims to prevent tax exploitation and ensure fair taxation by expanding the rule that prevents investors from claiming losses on sales of substantially identical assets, now to digital assets. It's part of a broader effort to regulate the cryptocurrency market and promote transparency.The upcoming budget proposal from U.S. President Joe Biden has some unexpected news for crypto traders and investors. The proposal includes a proposed doubling of capital gains for certain investors and a crackdown on crypto wash sales...Read More
