Birdwatch Note Rating
2023-05-10 10:22:09 UTC - HELPFUL
Rated by Participant: B3F021435A634B89B6F3E099D8FA374BC30D34A6562718651C5CA8763E7D80E6
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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