Birdwatch Note Rating
2023-05-10 02:38:48 UTC - HELPFUL
Rated by Participant: 5BFB23C31288AA69D71990C6105694C04D9CF603054752F894899567927E6FFE
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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