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Home/Bitcoin/Sen. Cynthia Lummis Proposes De Minimis Tax Exemption for Bitcoin Transactions Under $300 That Could Ease Reporting

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Sen. Cynthia Lummis Proposes De Minimis Tax Exemption for Bitcoin Transactions Under $300 That Could Ease Reporting

Q: What are the important details about Sen. Cynthia Lummis Proposes De Minimis Tax Exemption for Bitcoin Transactions Under $300 That Could Ease Reporting?

Senator Cynthia Lummis’ Bitcoin de minimis tax exemption would exclude small BTC transactions—proposed up to $300—from capital gains reporting, letting consumers spend Bitcoin for routine purcha You can read the full article for more information.

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Sheila Belson

48d 1h ago(UTC+3: 11:36:28 AM)

6 minutes reading time

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Sheila Belson

Sheila Belson is a 20-year-old financial content editor who ventured into the realm of cryptocurrencies in 2023. Enthralled by the innovative world of non-fungible tokens (NFTs), she harbours a profound affection for Ethereum. With a sharp eye for detail, Sheila skillfully navigates the dynamic crypto landscape, continuously seeking to enrich her understanding and share her passion through engaging and insightful content.

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