Birdwatch Note Rating
2023-05-10 08:48:31 UTC - HELPFUL
Rated by Participant: 1B947344CABECCACD4BC9CAB1A6547B816F532B0065EC3272DE89CD6654B85D1
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