Birdwatch Note Rating
2023-05-09 22:58:27 UTC - HELPFUL
Rated by Participant: BB0666C9C9BAA38058BB4474FB1A9B28EF74E47DB9D72FB1B2A313BF83008483
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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