Birdwatch Note Rating
2023-05-10 17:22:35 UTC - HELPFUL
Rated by Participant: FAA6241CB5780985707CE5C4314BC2F7E7A91FFC3BB6241464CDA2F1A670A58E
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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