H.R. 10357
Changes tax rules for digital assets
Sets new tax rules for people and businesses that use digital assets, including a $10 fee exception after 2027, simplified accounting, and broker reporting.
- Small network and transaction fees of up to $10 would not create taxable gain or loss
- Taxpayers could elect simplified accounting for widely traded digital assets; gains and losses treated as short-term
- Applies existing anti-abuse rules, such as wash sale and constructive sale rules, to digital assets
- Creates a voluntary disclosure program and sets broker reporting rules for digital assets
In committee