Birdwatch Note Rating
2023-05-10 12:44:21 UTC - HELPFUL
Rated by Participant: CEDADCC972FE2843E955D39A0A8CCCFF16EE271B1E66F4C33383B3E6154F916C
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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