Birdwatch Note Rating
2023-05-10 07:47:39 UTC - HELPFUL
Rated by Participant: 0DBDF2087898A99C3A5DEC13E66CFA6FA4EE538BA4DAFDD6F9C676AC7B66A29F
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