Birdwatch Note Rating
2023-05-09 22:41:46 UTC - HELPFUL
Rated by Participant: 30D0BE7D40ED61E6558476E98618BAF3F034CA9F86D332F833CDFCF9DFF697D9
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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