Birdwatch Note Rating
2023-05-10 12:30:37 UTC - HELPFUL
Rated by Participant: 05EE98BAE09082C4663DB309073DB4743A544F910F1FE2AC26F64F5617BF27EE
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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