Birdwatch Note Rating
2023-05-10 13:54:14 UTC - HELPFUL
Rated by Participant: C4CA76E3867D01D778E2288C583C2BC460EFB062CEC103046C1DAD99322EF1EE
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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