Birdwatch Note Rating
2023-05-13 10:20:45 UTC - HELPFUL
Rated by Participant: 5C49D8CA2A15F390F7A2C2F5C8482467B8839119E94EE4C53BD61B21C509E2DA
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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