Birdwatch Note Rating
2023-05-11 01:30:09 UTC - HELPFUL
Rated by Participant: E64915E64A98EF880910B1249C7E7A666BE88EAFA1E21BEECA868D9A02B187D5
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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