Birdwatch Note Rating
2023-05-30 03:22:19 UTC - HELPFUL
Rated by Participant: 9127B851E68F8297EE4D8A8A8808B761959756A64B7330E3DE3349E00A67C8DE
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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