Birdwatch Note Rating
2023-05-10 01:45:46 UTC - HELPFUL
Rated by Participant: FA9C59FE58D5035A863C79A757BE5F54C10168AAC39E08E4CFC082D62B51E5F8
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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