Birdwatch Note Rating
2023-05-10 06:25:10 UTC - HELPFUL
Rated by Participant: E2378DF38BBF7D3E9C88BBE941E84F0D8394007B107ADA326CD32B8F9CADC95C
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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