Birdwatch Note Rating
2023-05-10 14:19:06 UTC - HELPFUL
Rated by Participant: 5DF7EDC7FF377E5D441C573465CAED7CC9F0A81CF08CFC870B1E227E69012EA5
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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