Tax-Free Bitcoin-to-Ether Trading in U.S. to End Under GOP Plan
- Change makes trading one digital currency for another taxable
- Bill limits deferral break to real property trades only
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Investors in bitcoin and other virtual currencies would lose a lucrative tax break under the Republican tax bill that’s on its way to President Donald Trump’s desk.
New limits in the bill would bar cryptocurrency owners from deferring capital gains taxes when trading one type of virtual currency for another -- effectively closing a gray area in the tax code, experts say.