Birdwatch Note Rating
2023-05-10 12:26:58 UTC - NOT_HELPFUL
Rated by Participant: 66AFA42F8077C65B0F526E5CC265D5969DC47EA7568892E1E060A10BA8A549C2
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