Birdwatch Note Rating
2023-05-10 15:49:50 UTC - HELPFUL
Rated by Participant: 602E3E18E7CDB068645E7239D1E499C512C62CC9E5A2BF93294E329ADE674C4A
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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