Birdwatch Note Rating
2023-05-11 12:22:03 UTC - HELPFUL
Rated by Participant: 968E3CAC1AD6A3B59C4E64353B8467CE7F0FBAEA7CB737CAF5B2D341352C61FB
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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