H.R.9172

Applying Existing Tax Anti-Abuse Rules to Digital Assets Act amends the Internal Revenue Code to include digital assets under wash sale and.

The Applying Existing Tax Anti-Abuse Rules to Digital Assets Act amends the Internal Revenue Code to apply wash sale rules and constructive sale rules to digital assets. It defines digital assets and specifies that they are subject to the same rules as stocks and securities. The bill also includes provisions for inflation adjustments, special rules for wrapped digital assets, and exceptions for certain acquisitions related to digital asset validation. The amendments apply to constructive sales and dispositions after the introduction of the Act.