Birdwatch Note Rating
2023-05-10 12:50:53 UTC - NOT_HELPFUL
Rated by Participant: 060AD19DCAB2C43AE02B3E56A758C4D67D8F7641126F41079EDCB43A0754151F
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
All Note Details