Birdwatch Note Rating
2023-05-09 21:03:30 UTC - HELPFUL
Rated by Participant: 4320F5DA272278A9B7F16E2946C072F58AABECBE4623B4A85F8F5783A8D97EE7
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