Birdwatch Note Rating
2023-05-11 20:08:41 UTC - HELPFUL
Rated by Participant: 7C272DB7A9C29F1158FABA90761388CD6BF2C5914AF058ADC1A7E603417AE1CB
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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