Birdwatch Note Rating
2023-05-09 21:48:38 UTC - HELPFUL
Rated by Participant: BBC5F77E0634FB83112D39FEFB09458FF6FDEE8C168DB19F554A3DD9E5ACC430
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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