Birdwatch Note Rating
2023-05-10 15:55:06 UTC - HELPFUL
Rated by Participant: 17F464B715B3CF1FE1CABFBCE15C11527EACD264A0B25460810F6F729B6277BA
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
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