Birdwatch Note Rating
2023-05-10 22:57:09 UTC - HELPFUL
Rated by Participant: 930AE980E3FBCB7E02CECDC1F246F1FB1AF6AC2F8F5420704377235A70BD369A
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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