Birdwatch Note Rating
2023-05-10 13:37:08 UTC - HELPFUL
Rated by Participant: 0E6E73FF380E9120A70ACD62A0DB7BD67F10C04B2E93BB5EC9DD4F259391D520
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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