Birdwatch Note Rating
2023-05-10 14:19:06 UTC - HELPFUL
Rated by Participant: 717D37B9A2E8B1DD6FE64B3EB7C4386B4E6D32BDCBF8C007F1E1A4013151034D
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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