Birdwatch Note Rating
2023-05-10 13:48:48 UTC - NOT_HELPFUL
Rated by Participant: 1A3FE90D55B92B0963BCA0D0E70BBC95CA427D762049F87A42A27E1B419BB47D
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