Birdwatch Note Rating
2023-05-10 13:38:51 UTC - HELPFUL
Rated by Participant: 13D4DEB001466814A854A5304357367358D5CF384A0C97323E058759570F78A3
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