Birdwatch Note Rating
2023-05-10 17:49:35 UTC - HELPFUL
Rated by Participant: 3A29FDE6C0A4F417643C9C7BDD2B84B49DE7246142D3AB2016B60902CA2F9D66
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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