Birdwatch Note Rating
2023-05-11 01:28:10 UTC - HELPFUL
Rated by Participant: 51EBA7CD6CDE04C5AB28E793B70EFC98936568D3A265C122386F1F4CE9241F53
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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