Birdwatch Note Rating
2023-05-10 13:03:14 UTC - HELPFUL
Rated by Participant: DDE31727EBBFF9A55863BEE4E7873EDBC90148A2080AE7EAB14C1BDF43BD9B0D
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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