Birdwatch Note Rating
2023-05-10 09:46:31 UTC - HELPFUL
Rated by Participant: D84C734E101DAED5EA031E89F873FA826A0F3A1533CAD637CFB81B27D7B1C0E6
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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