Birdwatch Note Rating
2023-05-10 05:29:04 UTC - HELPFUL
Rated by Participant: 1B0CC438BCA3072E7E1FD5D62A78A721C4C386FCE1F210F06D23222DD997D49C
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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