Birdwatch Note Rating
2023-05-09 23:04:29 UTC - HELPFUL
Rated by Participant: 572A58D184D1BDD55DE874A7C1CE61D148A343688867924FF2160D1223DA87E1
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