Birdwatch Note Rating
2023-05-10 14:45:41 UTC - HELPFUL
Rated by Participant: 38AEA7EFE46ADA6D4080DE1FA207916D65F9B64D9A7982C77D7012BBB5C97424
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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