Birdwatch Note Rating
2023-05-10 11:34:50 UTC - HELPFUL
Rated by Participant: 8174918CAB3ED61EB971138F97B127F1E8465E16C5F7DEDBCA0A94C8CF9CD757
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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