Your Resource for Government on Crypto
09.12.2023
Senate Finance Committee Request for Information on Taxation of Digital Assets Closes
The Senate Finance Committee’s request for information regarding the taxation of digital assets closed on September 8. Respondents asked for clear rules on use and lending, with the American Bar Association Section of Taxation stating that traders of digital assets such as cryptocurrencies should be treated similarly to commodities dealers and allowed to elect to use the mark-to-market accounting method.