Birdwatch Note Rating
2023-05-10 13:04:16 UTC - HELPFUL
Rated by Participant: 6B00C54EEB20BEF1B6F6C5E2BC4EDC9BD5C0BD1A1C5F94F6A23ADA4C052F1C26
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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