Birdwatch Note Rating
2023-05-10 14:21:01 UTC - HELPFUL
Rated by Participant: CDCE5502489479DEF910A8C6019CEF2D478084EED3E86BEA8B349E8A960C6E8A
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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