Birdwatch Note Rating
2023-05-10 09:25:09 UTC - HELPFUL
Rated by Participant: 0967026A81BBD5E9EAB9A46C3D12832289CC9F746310108C09DC545F4C27D964
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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