Birdwatch Note Rating
2023-05-10 07:46:14 UTC - HELPFUL
Rated by Participant: 62B9BC840ED865AC6F576DF5813D74107D1DD49AC5FDCFE3CF0665FB5AA4DBBB
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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