HR 7361
115th Congress
House
Taxation
Capital gains tax
Currency
Income tax exclusion
To amend the Internal Revenue Code of 1986 to allow exclusion of gain or loss on like-kind exchanges of virtual currency.
Introduced: December 20, 2018
Introduced by:
Budd, Ted
Republican
· North Carolina
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 20, 2018
Referred to the House Committee on Ways and Means.
Dec 20, 2018
Introduced in House
Plain-English summary
This bill amends the Internal Revenue Code to require the nonrecognition of a taxpayer's gains or losses from like-kind exchanges of virtual currency, in the same manner as gains or losses from like-kind exchanges of real property are currently not recognized.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1