Birdwatch Note Rating
2023-05-10 11:50:51 UTC - HELPFUL
Rated by Participant: 08B166EB9FCA77E3ED17B85AAC6FEFE581170FA4705FF7AD79370E615442AEBC
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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