Birdwatch Note Rating
2023-05-10 17:32:53 UTC - HELPFUL
Rated by Participant: 0C49092064762427A1F43820F9626474A9B1BCA94DDC55CF2621DA6834908A37
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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