Birdwatch Note Rating
2023-05-10 12:32:27 UTC - HELPFUL
Rated by Participant: 433E2FAC7D38DC42B810410DA20DE398739C349222094262A7D8EC0F77F780B7
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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