HR 7361 · 115th Congress · Taxation

To amend the Internal Revenue Code of 1986 to allow exclusion of gain or loss on like-kind exchanges of virtual currency.

Introduced 2018-12-20· Sponsored by Rep. Budd, Ted [R-NC-13]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2018-12-20)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only