Birdwatch Note Rating
2023-05-09 21:26:46 UTC - HELPFUL
Rated by Participant: 4E17E7FAE61EAECDC7E892890CC8737AF87D69EC18B7A23DF77EDD80461944C9
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