Birdwatch Note Rating
2023-05-10 11:48:55 UTC - HELPFUL
Rated by Participant: 2E0D78804D76552EAB9E4FA7557418CEE124AF609A43655337EA13B3AA560A28
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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