Birdwatch Note Rating
2023-05-10 10:42:50 UTC - HELPFUL
Rated by Participant: C87530D2A8A035B649E8AF50C61DA2063570B5B7A1BE2F74D27C32AA1101E5F3
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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