If passed, the plan would raise the capital gains tax rate for "certain high income individuals" to 28.8%, while eliminating the "wash sale" loophole for crypto users.
US lawmakers propose adding digital assets to 'wash sale' rule and raising capital gains tax
US lawmakers are proposing to include digital assets under the "wash sale" rule and increase the capital gains tax rate to 28.8% for high-income individuals, aiming to close loopholes for crypto users.
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