Birdwatch Note Rating
2023-05-16 03:04:24 UTC - HELPFUL
Rated by Participant: 8A38BED14EE2CF44285971AB6B0AC8C45D4D3C0AE76CB8274342BC509202063E
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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