Birdwatch Note Rating
2023-05-10 13:39:04 UTC - HELPFUL
Rated by Participant: 7D77923AD7AF081475F90620FFAE90F290580EDEBBA2CFB60A371A3C9C448EF4
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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