Birdwatch Note Rating
2023-05-30 18:56:28 UTC - HELPFUL
Rated by Participant: AC963D05EFB74246CD92011E07597CCA35F70B95990A9532C4C5995867039DDB
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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