Birdwatch Note Rating
2023-05-10 13:27:22 UTC - HELPFUL
Rated by Participant: 0B5417577EC9252F23175C4ECCECF21383AC1F290999E1C2FA296C81D8B0D048
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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