Birdwatch Note Rating
2023-05-10 02:38:48 UTC - HELPFUL
Rated by Participant: EE1C4CE8F203E288B5A428F5BAC246B4BD636905ECB926D5E6F010B3956233C2
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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