Birdwatch Note Rating
2023-05-10 14:20:43 UTC - HELPFUL
Rated by Participant: 930A454066933DD68B0ED440A893F13A0C24CF7E7B4D0739FAD9F91B6E709B0B
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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