Birdwatch Note Rating
2023-05-10 12:26:06 UTC - HELPFUL
Rated by Participant: 4512B2C7C9691D84358D7ABDAA7B21D0951DE6B553F073D2B02F0E529BCB5F30
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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