Birdwatch Note Rating
2023-05-10 17:46:38 UTC - HELPFUL
Rated by Participant: 2FE5F90F214A0BF0B5BE4399CD2E82EB8848E25806EE806370C2F16A0BB677B2
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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