Birdwatch Note Rating
2023-05-09 22:50:24 UTC - HELPFUL
Rated by Participant: 5B378C20009DFDA21AB82956442BB88D806EEFAD95DC99FC465F0C93C3E5C745
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