Birdwatch Note Rating
2023-05-10 19:07:37 UTC - HELPFUL
Rated by Participant: DF742086D890B5A53FEA6F202C117C651C686458305EF9D76D4E87D3E2FEAB8F
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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