Birdwatch Note Rating
2023-05-10 22:57:09 UTC - HELPFUL
Rated by Participant: E4EF02F8222706240FFF0592D4E6EC854E6965250B700B6E231A9919C88A296F
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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