Birdwatch Note Rating
2023-05-09 22:58:27 UTC - HELPFUL
Rated by Participant: 7194AAFD1D68C1FD240022F6C89D55E3BC0DDA3762EFD1586B51C23E47D11B5E
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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