[2017-09-07] House Bill Would Offer Tax Exemption for Small Crypto Transactions

[Chase]

House Bill Would Offer Tax Exemption for Small Crypto Transactions

For digital currency users in the United States who might want to use their cryptocurrency for real-world commercial transactions, the rules under the existing tax regime are both complex and inexplicable. Those rules can turn even the most minor transactions into reportable capital gains – which is why digital currency users currently need to carefully record their transactions to track any potential tax obligations that may arise. A new bill in the U.S. House of Representatives could help ease that burden.

Full brief: https://dcebrief.com/house-bill-would-offer-tax-exemption-for-small-crypto-transactions/

[Searing]

House Bill Would Offer Tax Exemption for Small Crypto Transactions

For digital currency users in the United States who might want to use their cryptocurrency for real-world commercial transactions, the rules under the existing tax regime are both complex and inexplicable. Those rules can turn even the most minor transactions into reportable capital gains – which is why digital currency users currently need to carefully record their transactions to track any potential tax obligations that may arise. A new bill in the U.S. House of Representatives could help ease that burden.

Full brief: https://dcebrief.com/house-bill-would-offer-tax-exemption-for-small-crypto-transactions/

I'm pretty sure this was yanked out of the 2017 tax bill.....


down in the article below on BCH as well...says it was pulled

http://fortune.com/2017/11/16/bitcoin-cash-irs/