Birdwatch Note Rating
2023-05-10 13:46:15 UTC - HELPFUL
Rated by Participant: 1A026067A44EC65DEE2C67B12C3241BFAEC22324C9C626F7E5984E78D431ED41
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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