Birdwatch Note Rating
2023-05-10 08:19:42 UTC - HELPFUL
Rated by Participant: 1171B938E4F63AFCFAF8D146CA74FDBEED510FB3F142942F6EC37E3D04C74B5C
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