Birdwatch Note Rating
2023-05-10 19:08:21 UTC - HELPFUL
Rated by Participant: 97BC3D0D76BA0F7E60235C23D58F93AB173BFB89085882426AFAF2014F7E9648
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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