Birdwatch Note Rating
2023-05-10 12:36:31 UTC - HELPFUL
Rated by Participant: 59752FE32919DE0D9920431D7D81BBB708374ECD8FA88EB3D7209E209E770A9D
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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