Birdwatch Note Rating
2023-05-11 10:17:17 UTC - NOT_HELPFUL
Rated by Participant: 25D1B74571CFD2AE650D7FD9FCF614DD81CB7BF22BEFA320C7C0195F239881AC
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