Birdwatch Note Rating
2023-05-10 19:08:21 UTC - HELPFUL
Rated by Participant: 7BAE14C712C4C5D351A31EC42D414F001FAA6C2BFF48BA37246BE03F4A94AADA
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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