Birdwatch Note Rating
2023-05-09 21:27:57 UTC - HELPFUL
Rated by Participant: FC3F39AEDA17DF2A628D1C220419412B732433F3A0AC27BE237633566C9877B2
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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