Birdwatch Note Rating
2023-05-10 03:06:20 UTC - HELPFUL
Rated by Participant: E98124A3CF0053614DC753F4A09F498C2B7BF6E8784574177587FEAE03575792
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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