Quote from: PTCSuccessBlog on May 23, 2019, 02:14:18 PM

Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U.S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official tax guidelines.

In September 2018, news.Bitcoin.com reported on a group of U.S. bureaucrats who sent a formal letter to the IRS asking for more clarification in regard to the way cryptocurrencies are taxed in America. U.S. representative Kevin Brady, Tom Emmer and a variety of other state officials insisted in the letter that digital asset taxation needs clearer guidelines.

I disagree. The current guidelines are extremely clear.

I'm all for passing new legislation that makes things easier on taxpayers -- like the Soto/Davidson H.R. 7356 bill, which would allow altcoin like-kind exchanges and a $600 annual tax exemption on capital gains realized through spending coins on goods and services. But this has nothing to do with a need for clarity, just a need for better tax treatments.