Birdwatch Note Rating
2023-05-10 07:48:47 UTC - HELPFUL
Rated by Participant: C10D89E69D29C1B7CD803DA3F4F96AFC7B01C222990D9956E6A3620FA9C7CC8A
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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