Birdwatch Note Rating
2023-05-10 15:05:07 UTC - HELPFUL
Rated by Participant: 7A17C71EEBE12C3C7C95370F794AD63F5644E389C3886B11B091AE4E2C1B4DC0
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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