Birdwatch Note Rating
2023-05-10 14:03:47 UTC - HELPFUL
Rated by Participant: 297A747D7443F97609FFE5D4E3930671C324E6ADD9DEFAC3A85262F1B1910ECC
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