Birdwatch Note Rating
2023-05-10 17:22:35 UTC - HELPFUL
Rated by Participant: FB51A2EAC1A36A37F2B5EEA25F82E83E03196D565B329E81CCF1035674EC9352
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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