Birdwatch Note Rating
2023-05-10 12:31:59 UTC - HELPFUL
Rated by Participant: 06D65E78ECF2305B8738CD2EC058031935F1D81ACAD2D58586623C83C50388A6
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