Birdwatch Note Rating
2023-05-10 18:56:32 UTC - HELPFUL
Rated by Participant: 7B287D35FEF3FAF77D2C5F6B29B1643831D4732AF12BE7F77E76469A9A5CFB8F
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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