Birdwatch Note Rating
2023-05-10 12:38:28 UTC - HELPFUL
Rated by Participant: 5FEF2F078AD42D68F2ADE9A8C52F20F9050C43C3AC04E72104FF4DA829F0B8D7
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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