Birdwatch Note Rating
2023-05-10 03:36:33 UTC - HELPFUL
Rated by Participant: 55CC5D76C5E957503C10EB8E1D9A72702774C778122B7F7EA963DABCB4C43D9A
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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