Birdwatch Note Rating
2023-05-10 16:38:19 UTC - HELPFUL
Rated by Participant: E672B349341FFA8F9E087FB1C494EB8AD99F45003CC2B7ACE03B69B5752885A2
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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