Birdwatch Note Rating
2023-05-10 17:26:37 UTC - HELPFUL
Rated by Participant: 1556571A6A688B8724FB79AA883EBDDA67CB6FA2C09C5D68A794D56A211B236B
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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