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Cryptocurrency Tax Clarity Act

USA117th CongressHR-5082| House 
| Updated: 8/23/2021
Darren Soto

Darren Soto

Democratic Representative

Florida

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Cryptocurrency Tax Clarity Act This bill modifies the definition of broker f or tax reporting purposes to include any person who (for consideration) effectuates transfers of digital assets on behalf of another person. It also treats digital assets (i.e., a digital representation of value that is recorded on a cryptographically secured distributed ledger) as specified securities for reporting purposes.
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Timeline
Aug 23, 2021
Introduced in House
Aug 23, 2021
Referred to the House Committee on Ways and Means.
  • August 23, 2021
    Introduced in House


  • August 23, 2021
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • HR 117-5083: Cryptocurrency Tax Reform Act

Cryptocurrency Tax Clarity Act

USA117th CongressHR-5082| House 
| Updated: 8/23/2021
Cryptocurrency Tax Clarity Act This bill modifies the definition of broker f or tax reporting purposes to include any person who (for consideration) effectuates transfers of digital assets on behalf of another person. It also treats digital assets (i.e., a digital representation of value that is recorded on a cryptographically secured distributed ledger) as specified securities for reporting purposes.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Aug 23, 2021
Introduced in House
Aug 23, 2021
Referred to the House Committee on Ways and Means.
  • August 23, 2021
    Introduced in House


  • August 23, 2021
    Referred to the House Committee on Ways and Means.
Darren Soto

Darren Soto

Democratic Representative

Florida

Ways and Means Committee

Taxation

Related Bills

  • HR 117-5083: Cryptocurrency Tax Reform Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted