Birdwatch Note Rating
2023-05-10 13:41:58 UTC - HELPFUL
Rated by Participant: 7E016C254FD9B6B0AC79EF2C7778C351503F76AEB59ABC569C3BBE638FEA5E9C
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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