Birdwatch Note Rating
2023-05-30 12:34:53 UTC - HELPFUL
Rated by Participant: 7CEF7E5E18E4EE05F75287305721C198755D5853138B726357F2D4041FF9C38B
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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