Most of us know that the [Infrastructure Investment and Jobs Act](https://en.wikipedia.org/wiki/Infrastructure_Investment_and_Jobs_Act) (IIJA), signed into law on Nov 15, 2021, has expanded the definition of “broker” in a way that might target miners, stakers, and DeFi platforms.
Some of us may know that it has also [criminalized as a felony](https://np.reddit.com/r/CryptoCurrency/comments/qo2job/the_infrastructure_bill_that_us_congress_passed/hl2auv4/) not reporting receipt of over $10k worth of digital assets within 15 days.
But there are three more important changes that apply to crypto ^[(https://taxnews.ey.com/news/2021-1538-senate-passed-infrastructure-bill-would-impose-information-reporting-requirements-on-sales-of-cryptocurrency-and-other-digital-assets)][(https://www.taxathand.com/article/20449/United-States/2021/Digital-assets-Infrastructure-bill-includes-information-reporting-requirements)][(https://www.millerkaplan.com/new-digital-asset-reporting-requirements-will-be-imposed-in-coming-years/)], which I haven’t seen discussed at all on this sub:
1. **Exchanges will have to report to the IRS transfers to wallets** (and to any address that’s not another exchange) [[discussion](https://www.reddit.com/r/Bitcoin/comments/r4zonq/full_list_of_blows_dealt_to_crypto_by_the/hmjpsc3/)]
2. You’ll no longer be allowed to close a losing position and claim the capital loss, if you reopen it within 30 days. This means **the “wash sale” rule now applies to crypto**, which is a problem for “gateway” coins (incl. BTC), which are used to access many other protocols, not necessarily as investments. [[discussion](https://www.reddit.com/r/Bitcoin/comments/r4zonq/full_list_of_blows_dealt_to_crypto_by_the/hmjpu4q/)]
3. **Exchanges will have to explicitly demand your SSN**, address, and other information via forms W-9, even if you’re a grandfathered customer without these details on file. [[discussion](https://www.reddit.com/r/Bitcoin/comments/r4zonq/full_list_of_blows_dealt_to_crypto_by_the/hmjpusm/)]
Which of these changes did you guys know about? Here’s a [one-question poll](https://forms.gle/rf9McYuh2hcomKyb6).