JUST IN: 🇺🇸 A House committee is reviewing two crypto tax bills this Wednesday, an early step before they could reach the full House.
One bill would delay taxes on mining and staking rewards until you actually sell, instead of the moment you earn them.
The other closes a loophole that lets traders sell at a loss and quickly buy back in to lower their tax bill.
lawmakers might cut or shrink the mining/staking part before the vote. So it may not stay this way.
$BTC $ETH — a step forward for crypto tax rules, but still early days 👀
One bill would delay taxes on mining and staking rewards until you actually sell, instead of the moment you earn them.
The other closes a loophole that lets traders sell at a loss and quickly buy back in to lower their tax bill.
lawmakers might cut or shrink the mining/staking part before the vote. So it may not stay this way.
$BTC $ETH — a step forward for crypto tax rules, but still early days 👀
