Birdwatch Note Rating
2023-05-31 09:04:37 UTC - HELPFUL
Rated by Participant: 21D081E1A1B8C9DEF1D733B4C6CC331778B7405CC293700B918278D5E7648C1D
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