Birdwatch Note Rating
2023-05-10 07:44:24 UTC - HELPFUL
Rated by Participant: FE449E8214E221DFCB12E8E00C49C5FD53BECC1522B8B773AC8B720EEC5561FD
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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