Birdwatch Note Rating
2023-05-12 00:07:36 UTC - HELPFUL
Rated by Participant: 9CC136A24D0093A91D9367BEDB4BB1B1B661619C249843B62355BF53A4F500B9
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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