Birdwatch Note Rating
2023-05-10 12:14:59 UTC - HELPFUL
Rated by Participant: 6C642A5D23303BBF5F0BFD36074111997160FF980084002250CED77C67259BB9
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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