Birdwatch Note Rating
2023-05-10 18:00:02 UTC - HELPFUL
Rated by Participant: 50E6D721C5533AC1EEE0443535863E0BB36B5F18C689BC20979ACD17D3B9D8D0
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
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