Birdwatch Note Rating
2023-05-10 11:48:15 UTC - HELPFUL
Rated by Participant: 09AEFE9CE47F5A5456BB2E417130F2D4F948D3CF0AFC122E9EE79C3BA718397A
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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