Birdwatch Note Rating
2023-05-10 07:47:39 UTC - HELPFUL
Rated by Participant: B17B9E9FC823BA0A1215195F8A1DB91B2CCBC910CEBAFA1C710E35C5E72067E2
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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