Birdwatch Note Rating
2023-05-10 00:05:40 UTC - HELPFUL
Rated by Participant: 5C3FBF0B8948F3CC2266188457F76BBFE9A4966EF233DC97BC7021CE6CEF11B8
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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