Birdwatch Note Rating
2023-05-10 12:26:06 UTC - HELPFUL
Rated by Participant: E5CCF44915CB19FEEBDF6765D6CB106201C77F68606B3063D0AC326F00430A49
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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