Birdwatch Note Rating
2023-05-10 13:54:14 UTC - HELPFUL
Rated by Participant: E24FCE809B2596BB1EF9EA648FCE86EA21C08C7479124A2A46E389D529DFC9F4
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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