Birdwatch Note Rating
2023-05-10 14:21:01 UTC - HELPFUL
Rated by Participant: 8320DF949389DE97BF3DBA89DF41FEDE29554F4F0290B523BAE7D3B375C10074
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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