Birdwatch Note Rating
2023-05-10 23:25:06 UTC - HELPFUL
Rated by Participant: ADE36277ABC8CFCC9AE96E8EAF958EEC2EF66F42E8BB6DC6D657A26B9FFD1815
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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