Birdwatch Note Rating
2023-05-09 23:01:38 UTC - HELPFUL
Rated by Participant: EF58B23346FECDD9C6C1395E6D5D461A32222D9E9420719CDEB3C60DE6CAAFBD
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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