Birdwatch Note Rating
2023-05-10 14:36:59 UTC - HELPFUL
Rated by Participant: 17868BAF311DBBC65B9C573E0CE689516AE8DAF5BBA5472BBA79744A85F34DBC
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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