Birdwatch Note Rating
2023-05-10 23:25:06 UTC - HELPFUL
Rated by Participant: 1D3A69E95FC5DF4A05A91F367C1D3FE0E3EE556F3D277218D19390295B0F4033
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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