Birdwatch Note Rating
2023-05-10 15:49:50 UTC - HELPFUL
Rated by Participant: 3A163E810762FA0D27E4280B24CAAD00230D0C550BAA27CB42603F54BC62DCB7
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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