Birdwatch Note Rating
2023-05-30 02:30:16 UTC - HELPFUL
Rated by Participant: C62D02F5C8BBBF5F7449B3B19E7740D5F471E4BD0C35C51A49A5A99E891D06CE
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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