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Tag Archives: Virtual Currency Tax Fairness Act

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crypto and the US flag

New U.S. Bill Could Make Small Crypto Transactions Tax Exempt

NewsBy adminJanuary 23, 2020Leave a comment

After much debate on drafting a fair set of rules for crypto taxation, Congress has finally proposed a new bill that may prove to be a boon for the industry. See how they plan to shake up future tax seasons for crypto users.

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Important Tax Considerations:
BitIRA is not a legal or tax professional and does not provide legal or tax advice. It is BitIRA's understanding that Digital Currencies may be held in an individual retirement account, but if you have any questions regarding the legal rules applicable to individual retirement accounts, including which assets may be held in such an account, you should contact a legal or tax advisor. BitIRA makes no representation or warranty that purchasing Digital Currency for placement in an individual retirement account complies with government regulations or statutes or that current rules and statutes (or the interpretation of existing rules and statutes) will not change.

Important Investment Considerations:
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Customers purchasing or liquidating Digital Currency make all investment decisions.

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