The United States congressman Stockman to submit a bill to Congress, the statement bitcoin currency rather than property

The United States congressman Stockman to submit a bill to Congress, the statement bitcoin currency rather than property

Texas thirty-sixth District congressman Steve Stockman is very optimistic about the digital currency, began to accept bitcoin donations to his Senate campaign at the end of last year.

Last night in New York bitcoin center, Stockman proposed a bill he proposed at the 113rd Congress (second session) to take virtual currency as the theme. 

Entitled “change virtual currency tax status, make it from the property for money”, the bill (officially called virtual currency Tax Reform Act) to change the IRS and other U.S. authorities to view virtual currency.

As you remember, the IRS recently issued guidelines on virtual currency, called the property rather than money, and this problem for many users, mainly because according to the rules, users must keep track of all of their transactions, and to calculate the gains and losses at the end of each case.

“We to congressman Stockman support digital currency tribute” New York bitcoin founder Nick Spanos said.


 

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