Birdwatch Note Rating
2023-05-10 11:31:43 UTC - HELPFUL
Rated by Participant: 590F35294B44F3710E4EA343A20E680E2627802FA5D84F6B6709E7D094F94323
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