Birdwatch Note Rating
2023-05-30 18:10:44 UTC - HELPFUL
Rated by Participant: EB54EFF8B426E8929DBA2AFE7D245359F5125615979EE3BC7FBB70F8E5F12E68
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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