Birdwatch Note Rating
2023-05-10 14:35:57 UTC - HELPFUL
Rated by Participant: 43BDA8AD9086F8A14940A82AE18B4C82C9686169E5DDA16DD0A294700F8D06CE
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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