Birdwatch Note Rating
2023-05-09 20:53:34 UTC - HELPFUL
Rated by Participant: 988F8B64647256298DA6EF2BB126C7733723FEA977120AFF564DCF6A62698259
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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