Birdwatch Note Rating
2023-05-10 09:45:03 UTC - HELPFUL
Rated by Participant: 68D387C486501D630A5CA5B70BF7FA397EA943AAEF6001C9258D4F6717CB4F2F
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