Birdwatch Note Rating
2023-05-10 02:04:04 UTC - HELPFUL
Rated by Participant: F0950F414D85C2BBE2825F3D514C92B849A9C9F32C7E42AE99DF017CFCDFE614
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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