Birdwatch Note Rating
2023-05-10 11:59:40 UTC - HELPFUL
Rated by Participant: 46FA6CDB7A7EBBEC84CA41A3FA34B5981519F7C40501E8A0A2AB8DD65D8FD8C5
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