H.R. 10357 · In committee · Taxation

Digital Asset Tax Certainty Act

Sponsor: Jason Smith (R-MO)

What it does

• Allows taxpayers to exclude de minimis fees (up to $10 per transaction) paid in digital assets without recognizing gain or loss on the digital asset disposed of.
• Applies wash sale and constructive sale tax rules to digital asset trading to align with rules for traditional securities.
• Establishes a Digital Asset Voluntary Disclosure Program to allow taxpayers to amend prior returns and pay back taxes.
• Requires brokers to report digital asset transactions and cost basis to the IRS in manner similar to securities brokers.

Latest action

Sep 16, 2026: Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 38 - 5.

Committee: House Ways and Means