Birdwatch Note Rating
2023-06-01 11:44:00 UTC - HELPFUL
Rated by Participant: 1E16514DA89113BBE23DC602C239BBE7F8D1C84775AB9EDB2FEE9E410B2A1FBE
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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