Birdwatch Note Rating
2023-05-10 10:06:48 UTC - HELPFUL
Rated by Participant: 5B78CC86112E7F983A5529D49D0C8EBEE16C587254D2324A5C42F88D9A607736
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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