Birdwatch Note Rating
2023-05-10 14:21:41 UTC - HELPFUL
Rated by Participant: 28364059302F2D4B390B3B6E3D47F6311A9FF031A8408978CDDB795EF4207A4B
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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