Birdwatch Note Rating
2023-05-11 13:20:32 UTC - HELPFUL
Rated by Participant: E8FD74974107A36DDDADFD5A70443495692DF903D3B01FC9D4BE6CF302C57132
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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