Birdwatch Note Rating
2023-05-10 00:54:59 UTC - HELPFUL
Rated by Participant: 1A48EA74C37230AB1305945297D1CC45F109FDC9AC31A588DA50DE2ACF493EF5
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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