Birdwatch Note Rating
2023-05-10 12:35:01 UTC - HELPFUL
Rated by Participant: 47862E450C92D51EB2AEB4C303A8E4170014AE912737DEB55BFF2152F8035C06
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