Birdwatch Note Rating
2023-05-10 10:04:39 UTC - HELPFUL
Rated by Participant: 6A27A04626A0B62878CB4FB31DE405A081DFFAA693C6FAD31E390FEC25929C10
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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