Birdwatch Note Rating
2023-05-10 13:53:39 UTC - HELPFUL
Rated by Participant: C1017898B6646969D6B3344166DB15BA56C9AAE52A4FE28617C6E62115451B0C
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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