Birdwatch Note Rating
2023-05-10 12:54:36 UTC - HELPFUL
Rated by Participant: 265A4FD32E023063CD7699CA39B9D4E164D1CBA36614D52D2EFE4B45767D5AB0
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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