Birdwatch Note Rating
2023-05-10 14:18:27 UTC - HELPFUL
Rated by Participant: 6809A58027946704FFC0D8FB806CA52C51B68D550E2D85FE5C70FBA5CA63561C
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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