Senate and House target wash-sale loophole for crypto
Two separate congressional crypto tax bills would extend the stock-market wash-sale rule to digital assets and introduce limited de minimis exemptions for stablecoin use. Senator Steve Daines introduced a 56-page Senate bill that would make small stablecoin purchases tax-free, while the House Ways and Means bill H.R. 10357 sets a $10 de minimis for network fees, takes effect in 2028, and excludes users with more than 5,000 transfers. Both bills would force a 30-day wait to repurchase Bitcoin and XRP after a loss, changing year-end loss harvesting and tax planning, and December 2026 could be the last chance to exploit the current loophole.
Both bills would apply 30-day wash-sale rules to bitcoin and XRP.
Context
A House crypto tax bill advanced out of committee in September. Senator Daines circulated…
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- Watch PointsDecember 2026 last chance for loss…Locked
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