Birdwatch Note Rating
2023-05-10 10:04:39 UTC - HELPFUL
Rated by Participant: A4F9D2CDF17C4C71E1A410238A1B291A08A31B839E2116266668CEF916469A88
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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