Birdwatch Note Rating
2023-05-10 12:44:06 UTC - HELPFUL
Rated by Participant: 67874CB3999C757C9FCC74A0819A332815AB0A6977D3B5DF4AE62FC703A28CDA
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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