Birdwatch Note Rating
2023-05-10 17:38:46 UTC - HELPFUL
Rated by Participant: D754DA26478740CB9A6963AB9FE50D13883F3C6DD7F7044C9A0BEB2A95B98894
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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