Birdwatch Note Rating
2023-05-10 17:32:53 UTC - HELPFUL
Rated by Participant: CBD341D04A4AD26A8461A640B9EAA15B5F07B1D30FFD6DA71E65F604488671C7
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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