Birdwatch Note Rating
2023-05-10 12:44:21 UTC - HELPFUL
Rated by Participant: 4D174F8152F923B7253EB69EC58B761CF756BEBD1FD94C715CFE814F333247A8
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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