Birdwatch Note Rating
2023-05-10 10:09:55 UTC - HELPFUL
Rated by Participant: 32E697F9DDEEDBCF5002A58F488A207FA75EC8FCFDAB72F667B0611BF02A6907
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