Birdwatch Note Rating
2023-05-10 13:07:05 UTC - NOT_HELPFUL
Rated by Participant: 6DE10DDC2432DA3CE5397B9F3C9EC11788B33E490E70CFB877B9598EA4A140C6
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