Birdwatch Note Rating
2023-05-10 13:30:30 UTC - HELPFUL
Rated by Participant: 2F2F249E8FA9DECAF1CB6ED43C2ED33E1FD26B602AF6DB20FF5C977FAD91733F
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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