Birdwatch Note Rating
2023-05-11 15:14:24 UTC - HELPFUL
Rated by Participant: 821F84319C9C361ED75FC21E012AD093725533BAD34D231BCD65E381EBF4C95D
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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