Birdwatch Note Rating
2023-05-09 22:29:23 UTC - HELPFUL
Rated by Participant: 830F2D3B324B22D211F1D92FDC8965AA9AC303E31CDE8F2D28B7FF9B3FD60963
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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