Birdwatch Note Rating
2023-05-11 13:20:32 UTC - HELPFUL
Rated by Participant: 0FFA55346FA53B591C5E9C35974F700BF5883CBC590B271397B76195F8E8711F
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