Summary: H.R.5635 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.5635. Bill summaries are authored by CRS.

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Introduced in House (01/16/2020)

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.