Birdwatch Note Rating
2023-05-11 18:20:11 UTC - HELPFUL
Rated by Participant: 89821561F01C2B512C54E231186502F98B2A957BD53315ABC4D945ED4103A2E2
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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