Birdwatch Note Rating
2023-05-10 10:28:51 UTC - HELPFUL
Rated by Participant: 88A7F3F0EB7DFFA3F617295E7F2E87793BCF1826DE93005BE7D9C9BFC66D2D73
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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