Birdwatch Note Rating
2023-05-10 12:14:59 UTC - HELPFUL
Rated by Participant: F89036787D6C9305E50D77225F6807E579DC2387C1027A52B3F6A49156E4BE3B
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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