Birdwatch Note Rating
2023-05-11 11:48:49 UTC - HELPFUL
Rated by Participant: E324B462985A88C0778A0EE855C8B8DDA29999C4B63F5E6D58F2AD5DA9B77A57
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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