US House Ways and Means Committee advances crypto tax bill H.R. 10357 with de minimis exemptions and wash sale rules

The US House Ways and Means Committee voted 38-5 to advance H.R. 10357, a crypto tax bill that now heads to a full House vote, according to a crypto desk and credible accounts. The bill introduces de minimis payment exemptions -- exempting crypto transaction and gas fees of $10 or less from capital gains taxes and removing tax reporting on small crypto payments -- and formal crypto wash sale rules, creating clearer tax rules for digital assets. An earlier report that the House rejected the bill was wrong.

Detected & updated continuously · Source: Nebula