Birdwatch Note Rating
2023-05-10 12:46:18 UTC - HELPFUL
Rated by Participant: F5F3D6A5EFB53C35E4C4216587F0D263C0E125190DB6E18E8D698C5A4EE08DAD
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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