Birdwatch Note Rating
2023-05-30 09:27:27 UTC - HELPFUL
Rated by Participant: 7EF2FD990D59FFC4F99FB51FC4EEE50ED400DF1169140F71C62E19A4D31C6DA7
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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