Birdwatch Note Rating
2023-05-10 00:05:40 UTC - HELPFUL
Rated by Participant: 8D0D96BF228A0B26ECA7C0FF6F40381E5D53A5351BE7C0FFB99B454BD1AAE27E
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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