Birdwatch Note Rating
2023-05-10 13:48:48 UTC - NOT_HELPFUL
Rated by Participant: 67BF11E8B6746DA3DFF6393C9A93073996049A4BA6A4733EF96D4F31CB67CC84
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