Birdwatch Note Rating
2023-05-10 13:03:14 UTC - HELPFUL
Rated by Participant: E9D9C4DA396038F9C90C12941F58DDA4B3FD9AEDC0F60A69F26F716DF2287113
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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