Birdwatch Note Rating
2023-05-10 11:19:36 UTC - HELPFUL
Rated by Participant: A6BC71248F73E2FD02D45B2F0FF5FA8E25B54AD982C9EC5FB86525573C46A82F
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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