Birdwatch Note Rating
2023-05-10 12:44:06 UTC - HELPFUL
Rated by Participant: 221FD09CFE565CF09459B992084052F77D27E94AE37F29978AE951B2F5DA1B29
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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