Birdwatch Note Rating
2023-05-10 10:42:50 UTC - HELPFUL
Rated by Participant: EA294932170DB38252B8403ADF54422E1D7C3C5113C847CAE287910E8D1A894F
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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