Birdwatch Note Rating
2023-05-09 23:02:52 UTC - HELPFUL
Rated by Participant: 475C74E334E31B7BB9CC17FDAA507D6F2E43E9EC5ADAD51048810CD50AD43B92
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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