Birdwatch Note Rating
2023-05-09 20:53:34 UTC - HELPFUL
Rated by Participant: 32182679D3E0BA5A4C9852B1B598D66FCDB819DE397B3A31446A7C77663F64A3
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