Birdwatch Note Rating
2023-05-10 12:30:37 UTC - HELPFUL
Rated by Participant: 72CFA51C01DECD98CD8369A84B03D14854FD8386A4039F1B6F93DD7190C937A3
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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