Birdwatch Note Rating
2023-05-09 22:31:03 UTC - HELPFUL
Rated by Participant: 3FC46527DF909301E2ACB5878E5E36927944C7645CFCB32B9163904B557CB07A
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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