Birdwatch Note Rating
2023-05-12 17:20:22 UTC - HELPFUL
Rated by Participant: BEA535C045D1B9D19EBB82B3ED5C02AB306AE046FBCB22CC02C30FA9BB0E8180
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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