Birdwatch Note Rating
2023-05-10 18:13:16 UTC - HELPFUL
Rated by Participant: 0F868548A5696D4D6A18F646B71CDA28C85790B78428F60C89D27F22A5B21103
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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