Birdwatch Note Rating
2023-05-10 14:39:33 UTC - HELPFUL
Rated by Participant: 1003EF39413AB0761AFB14109CA140AE8AC869471A9622275B8F666B86136FA3
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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