Birdwatch Note Rating
2023-05-10 07:44:24 UTC - HELPFUL
Rated by Participant: 3039296FC574691576F963CB6C50A44167E59899367E5A3CF88D90A24FDF2800
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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