Birdwatch Note Rating
2023-05-10 14:24:17 UTC - HELPFUL
Rated by Participant: AEDB6041BEDDD44C22D26517B54F0D16B57B6294122B6877D69278736923E7F7
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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