Birdwatch Note Rating
2023-05-11 03:41:36 UTC - HELPFUL
Rated by Participant: 5D801007D9BC7DCC8C3B3649D33103511A746948840DC8D6A6A0E3271BCCABD3
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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