Birdwatch Note Rating
2023-05-10 23:48:42 UTC - HELPFUL
Rated by Participant: 998BE0B0FFA0D466D7A24BDFC2161CD533B9A23AFFF7F1C56DF7115B077102D3
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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