Birdwatch Note Rating
2023-05-10 10:09:55 UTC - HELPFUL
Rated by Participant: D1CB80C31770C586ABD7135F3C8700F1C0E538C24144F1A0717AFD514D71602E
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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