H.R. 5635 · 116th Congress
Virtual Currency Tax Fairness Act of 2020
- Stage
- In committee
- Sponsor
- Suzan DelBene
- Introduced
- 2020-01-16
- Latest action
- 2020-01-16 · Introduced in House
Summary
Virtual Currency Tax Fairness Act of 2020
This bill excludes from gross income, for income tax purposes, up to $200 of gain from the disposition of virtual currency in a personal transaction. The bill defines virtual currency as a digital representation of value that is used as a medium of exchange and is not otherwise currency.