Birdwatch Note Rating
2023-05-10 06:58:57 UTC - HELPFUL
Rated by Participant: CD607F79031051DDC30FDC5430BF9C4AAB2A1564B8CC54DD32EE6ED26C4DB734
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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