Digital Asset Parity Act: Simplifying Crypto Taxes

Bipartisan lawmakers introduce Digital Asset Parity Act to simplify crypto tax rules, addressing issues like excessive taxes on small transactions and phantom income. Key changes include no capital gains tax on stablecoin deals under $200, wash sale rules, optional deferrals for staking and mining, and mark-to-market options for active traders. The bill aims to level the playing field for consumers and businesses using crypto as payment.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.