Birdwatch Note Rating
2023-05-10 17:26:37 UTC - HELPFUL
Rated by Participant: 00E477AC0C0D6D66EE73322DF80AAF3701AF29266DA7A77BD4B7DBB69B357589
Participant Details
Original Note:
Virtual currency is treated as property and general tax principles applicable to property transactions apply to transactions using virtual currency. When investors sell virtual currency they must pay tax on any capital gain. There is no evidence of “Loopholes” to avoid this. https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions
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