Birdwatch Note Rating
2023-05-10 12:45:40 UTC - HELPFUL
Rated by Participant: 72DD216784D631099D9C39BE15482594E2553A56F96B06AF4503814B28572356
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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