Birdwatch Note Rating
2023-05-10 09:03:16 UTC - HELPFUL
Rated by Participant: D2C915F371C1E22AE144A8198B15E5EE8E65198E71DC11E26BE7AAA1C9311A78
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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