Birdwatch Note Rating
2023-05-10 09:43:10 UTC - HELPFUL
Rated by Participant: 3696FBEF35EF60D7718160A4D2612B6774BC97A2751758B4715F128492B793B5
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