Birdwatch Note Rating
2023-05-10 09:45:03 UTC - HELPFUL
Rated by Participant: 269F40A86A041B3A1ECB8931FE428172E48F3BA5CE2DF753D44040500BC17754
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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