Birdwatch Note Rating
2023-05-10 16:20:59 UTC - HELPFUL
Rated by Participant: 6D82FBCA51329EB3147BEB90B35ECA7C63FB205B4151492311B12C11749563E5
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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