Birdwatch Note Rating
2023-05-16 03:04:24 UTC - HELPFUL
Rated by Participant: E827F81D939D0C8ED8392EF73C87B4A53E95EB3CA2A36F6D0DBCFE403DF9B74E
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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