Birdwatch Note Rating
2023-05-10 14:20:43 UTC - HELPFUL
Rated by Participant: C7B70A0614A818F514FE9910092A0DD8FBC988BE6E3265E0EB6B0DB09B8D6D23
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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