Birdwatch Note Rating
2023-05-30 19:45:12 UTC - HELPFUL
Rated by Participant: 0EF4283A2F99E429E0BDD925F091ADCFEE850AA83D6B615CE0E9E311E16A6AF7
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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