Birdwatch Note Rating
2023-05-11 14:58:07 UTC - HELPFUL
Rated by Participant: 6E85B19CE6B197E61FB84FEB72C5F6F2584F1DF617EE42CFC466229F120A372C
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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