Birdwatch Note Rating
2023-05-10 11:35:03 UTC - HELPFUL
Rated by Participant: 22A76DF1328AAF4E37DFCAEDFF5184314E2DE6451DE18087025C780DA09F2F76
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