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Virtual Currency Tax Fairness Act of 2020

USA116th CongressHR-5635| House 
| Updated: 1/16/2020
Suzan K. DelBene

Suzan K. DelBene

Democratic Representative

Washington

Cosponsors (4)
David Schweikert (Republican)Darren Soto (Democratic)Bill Foster (Democratic)Tom Emmer (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Jan 16, 2020
Introduced in House
Jan 16, 2020
Referred to the House Committee on Ways and Means.
  • January 16, 2020
    Introduced in House


  • January 16, 2020
    Referred to the House Committee on Ways and Means.

Taxation

CurrencyDigital mediaIncome tax exclusionInternet and video servicesInternet, web applications, social media

Virtual Currency Tax Fairness Act of 2020

USA116th CongressHR-5635| House 
| Updated: 1/16/2020
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 16, 2020
Introduced in House
Jan 16, 2020
Referred to the House Committee on Ways and Means.
  • January 16, 2020
    Introduced in House


  • January 16, 2020
    Referred to the House Committee on Ways and Means.
Suzan K. DelBene

Suzan K. DelBene

Democratic Representative

Washington

Cosponsors (4)
David Schweikert (Republican)Darren Soto (Democratic)Bill Foster (Democratic)Tom Emmer (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
CurrencyDigital mediaIncome tax exclusionInternet and video servicesInternet, web applications, social media