Birdwatch Note Rating
2023-05-10 12:19:28 UTC - HELPFUL
Rated by Participant: 2756A48C6FBCBDF11F6C4212294D45A29C2C957D33DBC771AA63F0FFB42A04E9
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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