Birdwatch Note Rating
2023-05-09 23:15:04 UTC - HELPFUL
Rated by Participant: C6B1B992B63FDD66326A465EE2E3067F99662CA4684FF549E6B7C289A1CE0A5C
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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