Birdwatch Note Rating
2023-05-09 23:04:29 UTC - HELPFUL
Rated by Participant: AABBF3E8987DF66EA84140F2B61623FA06F79B0D961EB091C4C137CA66D007E5
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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