Birdwatch Note Rating
2023-05-09 23:01:38 UTC - HELPFUL
Rated by Participant: BEECE8F65F46FCF83612BAA0F3C4D3E5921518F756892D0C58050C70121AE8D8
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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