Birdwatch Note Rating
2023-05-10 10:20:30 UTC - HELPFUL
Rated by Participant: C3B51E1BCC922DF4E4CEB98F43612B41AFD07542D32B678F537EDDA6A7821F92
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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