Birdwatch Note Rating
2023-05-10 10:40:57 UTC - HELPFUL
Rated by Participant: EBD4C024C304790CD168C5C216928E89F7DB9EF467BA90DE84654DBE357A7EBC
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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