Birdwatch Note Rating
2023-05-10 10:15:44 UTC - HELPFUL
Rated by Participant: 13B29F57201AFD8D81F1D0F51316A588A3BB14BC65ADC5D10AF59A83851A364B
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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