Birdwatch Note Rating
2023-05-10 15:05:07 UTC - HELPFUL
Rated by Participant: 39FF201F71CB1C7433D62FAF874C53D7A40DBBC0741B3E5532D30A60690248CF
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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