Birdwatch Note Rating
2023-05-10 10:28:51 UTC - HELPFUL
Rated by Participant: 0BE06682E6F87EAB17496A84C5C06A56F541A12AB6D03E1DA6C5158020709E75
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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