Birdwatch Note Rating
2023-05-10 12:35:01 UTC - HELPFUL
Rated by Participant: 36BD385372165A542D5906752A6B5F3013A2E0FB09EDAE9DE3DA83DCC85D834C
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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