Birdwatch Note Rating
2023-05-09 23:40:13 UTC - HELPFUL
Rated by Participant: 0823200C3EB9775C344A4EF12FFFD13D8068B348895492303DD730661316AB57
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