Birdwatch Note Rating
2023-05-10 23:47:57 UTC - HELPFUL
Rated by Participant: E341B25FCDAE01E2BC8574CADA4691E1A6E37966E804700D91D627A8F1D2D51D
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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