Birdwatch Note Rating
2023-05-11 18:20:11 UTC - HELPFUL
Rated by Participant: 26801255C42323BF2E22CC7966CF0CF1384DAC0D2AA2C7C27536CACB7C4F0A8B
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
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