Birdwatch Note Rating
2023-05-10 16:08:40 UTC - HELPFUL
Rated by Participant: ADF09FE170B2EE64D876E93EB92AD3E14B84E0E3DAB3ED5FE306649CD9A771C9
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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