Birdwatch Note Rating
2023-05-09 22:29:23 UTC - HELPFUL
Rated by Participant: A4DDD8DB033E01F4433185A4352D39A80D27877207593C4564A73CC7050F6302
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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