Birdwatch Note Rating
2023-05-10 13:04:16 UTC - HELPFUL
Rated by Participant: 6F994852433EA33173F35F8F03EC606A617376628FDC68DC4FE7A1548872BD0C
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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