Birdwatch Note Rating
2023-05-10 07:34:45 UTC - HELPFUL
Rated by Participant: D76ACFFC6A4B313BE3181ED5F37D8D5166AF0D0AE05C5159D9868604EB06779F
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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