Birdwatch Note Rating
2023-05-30 02:32:30 UTC - HELPFUL
Rated by Participant: 7EDD28329F779CB98F6B3D589B37F8D746AE8C1C145A74333C7059942D894C12
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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