Birdwatch Note Rating
2023-05-10 15:31:02 UTC - HELPFUL
Rated by Participant: FDF68B23C17BFD5768639ECC7F9CA6F595B12B7A38559F6B3FCDD31A5075567A
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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