Birdwatch Note Rating
2023-05-09 23:14:14 UTC - HELPFUL
Rated by Participant: 42A041F34456B8DD4906EF1DDFC448E4CB64BFB3E63C1975ED9E984A02A60DFD
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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