Birdwatch Note Rating
2023-05-10 23:48:42 UTC - HELPFUL
Rated by Participant: F9019597AD64871A20AB247C509C95E999001C9658382C862A95E0555F8250A3
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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