Birdwatch Note Rating
2023-05-10 16:08:40 UTC - HELPFUL
Rated by Participant: E4BE781473043385D405801554DF92A18F5F98E2F42CF8AC2D377AF72E5FA91E
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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