Birdwatch Note Rating
2023-05-10 12:44:42 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 3CEE8FB638EFACBA32419FEC5BA9757786BCC01E5AC72FD3C051A9218C3937B5
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