Birdwatch Note Rating
2023-05-10 01:36:42 UTC - HELPFUL
Rated by Participant: 6624559882368F9EA26A72DE4DB5CE052BC9CB6C337B7D2CAEC832AAE7FB4408
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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