Birdwatch Note Rating
2023-05-10 00:37:05 UTC - HELPFUL
Rated by Participant: FE92E035FBFFBDFAC99B845BDBE1D6885AF2FD9AF758A6BCF934613DC22BAE84
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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