Birdwatch Note Rating
2023-05-10 14:01:37 UTC - HELPFUL
Rated by Participant: D02BC7836F0FAF023C8F785DC4F44FB5CA6B8713D45B8CFD3243375E7DFFFD34
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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