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Build Back Better Act would close tax loophole for crypto investors
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Proposed legislation unveiled Thursday as part of Democrats' $1.75 trillion social and climate spending plan would close a tax loophole for cryptocurrency investors.
The Build Back Better Act would subject crypto transactions to «wash sale» rules, an anti-abuse measure that currently applies to stocks, bonds and other securities, according to an outline published by the House Rules Committee.
As a result, bitcoin, ethereum, dogecoin and other crypto would be subject to the rules. They prevent
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