Birdwatch Note Rating
2023-05-10 16:25:01 UTC - HELPFUL
Rated by Participant: 466A582DB70A633D217E821359F6A4B3A3FEA8031137006165C52167F69C902D
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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