Birdwatch Note Rating
2023-05-11 06:59:04 UTC - HELPFUL
Rated by Participant: E99D6DEA83719513131F0747F55A97598AA8EDBC94019FD30F66A7F004208F10
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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