After years of regulatory uncertainty, this bill establishes the first comprehensive federal tax framework for digital assets, addressing wash sale rules, broker reporting requirements, staking income, and DeFi transaction classification.
Advertisement
In-Article Native Ad Unit
Wash Sale Rules Now Apply to Crypto
Cryptocurrency and other digital assets are now explicitly subject to wash sale rules, preventing investors from claiming a loss on a sale and immediately repurchasing the same asset. Previously, this rule applied only to securities.
Core Takeaway
Investors who have been using crypto's wash sale exemption as a year-end tax strategy have one final window — calendar year 2026 — to execute wash sale harvesting under the old rules. After December 31, 2026, the 30-day rule applies.