Birdwatch Note Rating
2023-05-10 11:48:15 UTC - HELPFUL
Rated by Participant: 0597262B1389669CF9E4FB6D0214108E5A6558570D6830653B436CE579CF1819
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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