Birdwatch Note Rating
2023-05-10 17:38:46 UTC - HELPFUL
Rated by Participant: E56B989A6B959735A3B94267A00F85B1C2AA00E156E5F96CD3EA0BC461D22007
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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