Birdwatch Note Rating
2023-05-10 13:38:51 UTC - HELPFUL
Rated by Participant: EAC97B30D36360B450016025A15A788E493017693C10891168AFBF2192199BD8
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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