New Crypto Tax Bill Tabled On U.S House Representatives

A new tax bill has been introduced by the United States House of Representatives which will enable the exclusion of gain or loss on virtual currency. The new bill mentioned, “No gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business or investment if such real property is exchanged solely for real property of like-kind which is to be held either for productive use in a trade or business or investment.”

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