The U.S. House Ways and Means Committee is scheduled to hold a markup (bill deliberation and amendment) on a package of cryptocurrency tax-related bills on the 16th. The bills under consideration include H.R. 9175, which defers the taxation point for cryptocurrencies received through mining or staking until the actual sale date. Also to be addressed is H.R. 9172, a bill that restricts so-called 'wash sales,' where cryptocurrencies are sold at a loss and then immediately repurchased to utilize the loss for tax deductions. This bill expands the existing wash sale rules, which apply to stocks and other assets, to include cryptocurrencies.
