Birdwatch Note Rating
2023-05-10 06:58:05 UTC - HELPFUL
Rated by Participant: 99AC08DA44B4B5DA6721B29511CD5376E412362D055AA78CF24C84A5CF7DC1B0
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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