Birdwatch Note Rating
2023-05-10 11:50:18 UTC - HELPFUL
Rated by Participant: 50F08FD22E3ADA2843CDCF33399723B1749704604B9681311E0A28495F001500
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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