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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
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Plain-English summary Congressional Research Service

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 December 20, 2018

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 7361: To amend the Internal Revenue Code of 1986 to allow exclusion of gain or loss on like-kind exchanges of virtual currency.. 115th Congress. Open America. https://openamerica.io/bill/115-HR-7361/
MLA
"H.R. 7361: To amend the Internal Revenue Code of 1986 to allow exclusion of gain or loss on like-kind exchanges of virtual currency.." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-7361/.
Bluebook (legal)
H.R. 7361, 115th Cong. (2026), https://openamerica.io/bill/115-HR-7361/.
Markdown link
[H.R. 7361: To amend the Internal Revenue Code of 1986 to allow exclusion of gain or loss on like-kind exchanges of virtual currency.](https://openamerica.io/bill/115-HR-7361/)
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