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© 2020 Relevant Protocols Inc.
A space for sharing and discussing news related to global current events, technology, and society.
69462 Members
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
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"The major tax reform passed in Congress this week contains a tweak that eliminates an exemption for many “like kind exchanges,” which lets people swap an asset for a similar one without triggering a tax obligation. Until now, some investors have relied on the law to exchange one digital currency for another without paying taxes... The “in kind” exemption can now only apply to real estate transactions."
"The major tax reform passed in Congress this week contains a tweak that eliminates an exemption for many “like kind exchanges,” which lets people swap an asset for a similar one without triggering a tax obligation. Until now, some investors have relied on the law to exchange one digital currency for another without paying taxes... The “in kind” exemption can now only apply to real estate transactions."
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