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Tax implications for digital assets in the Infrastructure Investment and Jobs Act

December 14, 2021

On November 15, 2021, United States President Biden signed the US$1.2 trillion Infrastructure Investment and Jobs Act into law. The law includes tax information reporting provisions that will apply to "digital assets." Its passage represents the first time that Congress has specifically addressed transactions in digital assets in the Internal Revenue Code (the Code) and will impact digital asset transactions in two main ways.

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