Birdwatch Note Rating
2023-05-10 22:46:52 UTC - HELPFUL
Rated by Participant: 74735D072BF1C07A97B6460C23CEEDC6483FF1594BB4D2DE91B2CB8CA8A3A3BF
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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