Birdwatch Note Rating
2023-05-10 07:46:14 UTC - HELPFUL
Rated by Participant: CA2EDE8E9DB5F4EA944E2A6E41271A01EEEE29E7239B660562870E3EADBD0C1D
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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