Birdwatch Note Rating
2023-05-10 13:58:37 UTC - HELPFUL
Rated by Participant: E8FF54E9184047A21304AC11E8AA9F62F7E3113271F6B2384062A567EDB08AF0
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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