Birdwatch Note Rating
2023-05-10 19:07:37 UTC - HELPFUL
Rated by Participant: C29099C77C247F1E9101B7517A87E9051DC12D05EF950DDE764AEFB1D276AAD8
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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