Birdwatch Note Rating
2023-05-09 23:40:13 UTC - HELPFUL
Rated by Participant: 333DBD011D4FF502840AA27D694D765A87D7DEC50C655FB88623C66DE2FFDC81
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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