Birdwatch Note Rating
2023-05-10 09:43:10 UTC - HELPFUL
Rated by Participant: 8D230A6C535366B11409A66FFBFBFADD39C0D42E69F506AB9B788D11E47C9E04
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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