Birdwatch Note Rating
2023-05-10 14:18:27 UTC - HELPFUL
Rated by Participant: 1A23DF1263BB137C7AD0D71D39266A51E2BB70251E9E9F427EA4A5E506E30B11
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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