Birdwatch Note Rating
2023-05-09 23:21:35 UTC - HELPFUL
Rated by Participant: 74B1222DD99303A474A96CC470573EEE4FDE312C9AE78C513432598B0ABBC510
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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