Cryptocurrency traders could be banned from offsetting some capital losses against their gains thanks to a proposal from House Democrats Lawmakers want to change the ‘wash-sale’ rule so that traders cannot buy an asset back within 30 days of a losing sale and still offset the loss Democrats hope the rule change, which will also apply to commodity and currency traders, will net the $16 million over 10 years. U.S. lawmakers are planning a second change in tax provisions that could see cryptocurrency traders unable to offset a certain kind of trading loss against their tax bill. House Democrats yesterday
The post Cryptocurrency Traders Hit With ‘Wash-Sale’ Proposal appeared first on FullyCrypto.
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