Birdwatch Note Rating
2023-05-10 11:35:03 UTC - HELPFUL
Rated by Participant: 4692AE67AF930F040284841525E754A89CEA149B2AD00F1DB5479DA0BEFA81AA
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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