Applying Existing Tax Anti-Abuse Rules to Digital Assets Act
See how your representatives voted on this bill.
DeepSyte matches this bill to the issues you care about and shows whether your reps' votes line up — not party, not press releases. Take the 2-minute values quiz to see your alignment.
Alignment with your views
Sign in and take the values quiz to see how this bill lines up with what you've said.
Summary
This bill amends the Internal Revenue Code to apply existing tax anti-abuse rules—specifically wash sale rules and constructive sale rules—to digital assets. The wash sale rules would prevent taxpayers from claiming losses on the sale of digital assets if they repurchase substantially identical assets within 30 days before or after the sale. The constructive sale rules would treat certain positions in digital assets as sold when the taxpayer enters into offsetting transactions. The bill excludes qualified U.S. dollar stablecoins from these rules and provides exceptions for digital assets acquired through blockchain validation activities.
Values analysis
Sign in and take the values quiz to get a personalized read on how this bill lines up with your positions.
How your representatives voted
Sign in to see how your representatives voted on this bill.