Birdwatch Note Rating
2023-05-10 15:08:59 UTC - HELPFUL
Rated by Participant: 732C3020F18EA1B9347BB0E176258C84E10B40AC8BE3478103B74CC6E73D6F23
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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