Birdwatch Note Rating
2023-05-11 23:01:31 UTC - HELPFUL
Rated by Participant: 530DA849EC772B108F9CDD0E8A7B752F7F4A35203160C7B65484BD344CCE50E0
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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