Birdwatch Note Rating
2023-05-10 14:45:41 UTC - HELPFUL
Rated by Participant: 9717FD4C330B6C4D5500A93E3D6EBD307296676FC68F1D3290A603A3F67035A2
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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