Birdwatch Note Rating
2023-05-10 14:04:11 UTC - HELPFUL
Rated by Participant: 4B8F7A23B84CD4490997A2EE64D1FB19805FB1FA857FBA9D9BE73EC37CE79AFF
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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