Birdwatch Note Rating
2023-05-10 06:20:52 UTC - HELPFUL
Rated by Participant: 858B9A670BA84AB98E5A1128F63FCA63EED0F01BD91A588538F061383C32DB0C
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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