Less Tax Paperwork for Digital Asset Owners Act
Referred to the House Committee on Ways and Means.
Summary
The Less Tax Paperwork for Digital Asset Owners Act changes the tax code so that small network‑fee payments on crypto are not treated as taxable events and lets owners elect a streamlined method to calculate gains and losses on widely traded digital assets. It also sets special rules for U.S. dollar‑stablecoins, defining their basis and how gains or losses are measured. The changes aim to cut paperwork for taxpayers while preserving revenue safeguards.
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