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Much-anticipated Infrastructure Bill Includes New Crypto Tax Requirements

The long-awaited $1.2 trillion infrastructure bill recently passed by Congress includes new cryptocurrency tax requirements despite an aggressive lobbying effort to leave them out. So reports Fox Business.

capitol 720677 640smallOne of the key revenue generators in the bill involves new tax-reporting provisions applying to digital assets, although they're not scheduled to begin until 2024. One analysis suggests the gap between what individuals paid in cryptocurrency capital gains and what they were supposed to be on the hook for in 2018 came close to $11.5 billion.

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