Birdwatch Note Rating
2023-05-10 14:08:24 UTC - HELPFUL
Rated by Participant: 0A62AA81CC381BC563A904125733A0B05AFA04411C6E079371511A23A291C9F0
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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