Birdwatch Note Rating
2023-05-30 17:35:10 UTC - HELPFUL
Rated by Participant: B9D5011EEFBB523F11F857898D186E5A6639521D6C890108BBE5C8309427DF78
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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