Birdwatch Note Rating
2023-05-10 14:24:17 UTC - HELPFUL
Rated by Participant: BAA39C71844E7165C0346A5153CD1480E508FECC758F424EC6BBA60C610F5EEE
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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