Birdwatch Note Rating
2023-05-10 21:03:41 UTC - HELPFUL
Rated by Participant: 7A70B007FD756C53E48E19AE18819851297C267DF9BDBBDBA10A064FEA8D74A2
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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