Birdwatch Note Rating
2023-05-10 13:57:07 UTC - NOT_HELPFUL
Rated by Participant: 57AA60ADE133405F2A9EFD9D5F4307EEADA0262A99498D2FBBEAAB6AE5D171BC
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