Birdwatch Note Rating
2023-05-10 12:36:31 UTC - HELPFUL
Rated by Participant: A00E77907BFD83477AE265C19F313BE0517154B0CDF9C3D5D7B703DCDB7201A1
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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