Birdwatch Note Rating
2023-05-10 05:29:04 UTC - HELPFUL
Rated by Participant: C4BC34A0B41032E76290F1AE47D0AE0BEF5397174CB1285C6A58E697DA3C8D98
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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