Birdwatch Note Rating
2023-05-10 12:45:40 UTC - HELPFUL
Rated by Participant: C459B3C18FE8FF80D9860E5BB91FD8B0F72D663664292B52F9D8B190D25AF535
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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