Birdwatch Note Rating
2023-05-10 09:15:18 UTC - HELPFUL
Rated by Participant: AA109F6E064CB0FDFB8D5D36828CB40F020CE676F456917DA9621C4F166082F5
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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