Birdwatch Note Rating
2023-05-10 13:57:06 UTC - HELPFUL
Rated by Participant: 187945CB804A920A4DABBE8E08197FB6F2FAB7026F4E991687EA2F2399FB40C8
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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