Birdwatch Note Rating
2023-05-10 03:36:33 UTC - HELPFUL
Rated by Participant: 05F21FFCFA75F5CAD3B39C6ADEEDBEE66557C1431D0DCEE570B4B99CEE2B0A0E
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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