H.R. 8279 is a proposed bill that aims to amend the Internal Revenue Code of 1986. It seeks to make clear that when certain types of coins or bullion, specifically those made of gold, silver, platinum, or palladium, are sold or exchanged, any gain or loss from these...
Simple Explanation
H.R. 8279 is a bill that wants to change the rules so that if someone sells certain metal coins like gold or silver ones, they won't have to count any money they gain or lose as part of their taxes. This starts after December 31, 2024.