Birdwatch Note Rating
2023-05-10 12:52:06 UTC - HELPFUL
Rated by Participant: 8AEC55C6457E89A6353B4F7A03F76391068A8B2780315EAF89D11D79D575F83D
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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