Birdwatch Note Rating
2023-05-10 17:09:04 UTC - HELPFUL
Rated by Participant: 6ACC163916AA5444FD15C7A253556CE214A547AA0EE3FAD48551598E996DC0D4
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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