Birdwatch Note Rating
2023-05-10 11:31:43 UTC - HELPFUL
Rated by Participant: 956DD51EA6FC8D545C6B59D7B10EB16742AC0C48BEA0807E5B377C34DDF66C1A
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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