Birdwatch Note Rating
2023-05-10 14:00:36 UTC - HELPFUL
Rated by Participant: 4B06AADE7C3DC3CA3D74D99BD0245FDB49397FE12AA2A7CE82BDD7A26376DA96
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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