Birdwatch Note Rating
2023-05-10 21:30:51 UTC - NOT_HELPFUL
Rated by Participant: 0D0998D60559C604B77A19374F96CD6CCA05590A081E6688EE1D369DD6823B0B
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