Birdwatch Note Rating
2023-05-10 11:59:40 UTC - HELPFUL
Rated by Participant: 0BEB2E92460AC028C749C6B59811A0130FDE8A7C7FA5382ABE44ABF56FF7083F
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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