Birdwatch Note Rating
2023-05-10 03:42:55 UTC - HELPFUL
Rated by Participant: 355CDD26E8508ED0C4560240CB6036706951838B8B837ADF1C2D021F104E1ED1
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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