Birdwatch Note Rating
2023-05-12 00:07:36 UTC - HELPFUL
Rated by Participant: 07F6B5A05025DAD9E43D1DBC21CA770DFF0DD92DCB0280A0AB2FFEF4AD34272B
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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