Birdwatch Note Rating
2023-05-10 13:41:11 UTC - HELPFUL
Rated by Participant: 6E283D75F9A57747CE5990118CCFAC3239D0E886D9DDB15C7A531AD2B72CFA2E
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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