Birdwatch Note Rating
2023-05-10 00:58:24 UTC - HELPFUL
Rated by Participant: 356BBEB8EF237E2D021394E02ED5C9FE5EF75F9D2466E373C166A1CCDD76ACBC
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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