Birdwatch Note Rating
2023-05-10 14:36:59 UTC - HELPFUL
Rated by Participant: 69FE616C1E47D462BD3DE6C5F09A71BC4986C372AB7D7DBAE297FE8F30F299FE
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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