Birdwatch Note Rating
2023-05-10 10:37:40 UTC - HELPFUL
Rated by Participant: 4FB465951A2F472B3D74AC34F351E7A1D8EE4795191472919DC3148FB134176C
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