Birdwatch Note Rating
2023-05-10 12:10:50 UTC - NOT_HELPFUL
Rated by Participant: 3819FFC46E150C8E0B5A4795EAD90A9824F5963C58DF33A5A07371EFF077A4DE
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