Birdwatch Note Rating
2023-05-10 07:10:35 UTC - HELPFUL
Rated by Participant: AE371013FDE56BA94EBBD2CAA77B2A8646C41564F7DB8F1F1606EE9D181549A5
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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