Birdwatch Note Rating
2023-05-10 20:13:31 UTC - HELPFUL
Rated by Participant: C6743602889A82AABF084FDA1A8B74EB9369611A4A2DF728B4915C8B6102B804
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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