Birdwatch Note Rating
2023-05-10 16:11:40 UTC - HELPFUL
Rated by Participant: 81BA988099B4101633DF958E6BCBC9A1E616B6FFB56E2F5FBE693F1E258976F9
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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