Birdwatch Note Rating
2023-05-10 10:07:37 UTC - HELPFUL
Rated by Participant: 73AFB627D20FEE95B11FE5FE7ADA11E18BD1F31F3E1F34E48333AFCD42C877EB
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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