Birdwatch Note Rating
2023-05-10 23:47:57 UTC - HELPFUL
Rated by Participant: 65C16FA213BB938C533AB6DE01C7A853CDC0F0F4F8EE3C8DD5131C68AF54F422
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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