Birdwatch Note Rating
2023-05-10 09:03:16 UTC - HELPFUL
Rated by Participant: F15CC2F1C98A5BA4CEB79A1E3A5C18CE7CA5FD35A87DCE708F10EF4A57185BAB
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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