Birdwatch Note Rating
2023-05-10 01:36:42 UTC - HELPFUL
Rated by Participant: C903BD9BEF561143AD1F72EE5036AEF84080199A4C8FA99569B70F8DA043004A
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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