Birdwatch Note Rating
2023-05-10 13:53:39 UTC - HELPFUL
Rated by Participant: 46062123B3F7FBD71C5A302DFC8F5FE23DD89D6EF0A2EAAC9E2208C48D8ED838
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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