Birdwatch Note Rating
2023-05-10 21:03:40 UTC - HELPFUL
Rated by Participant: 70866E08017E5152097F2C42CDB284A2A138893BBDE69C62FDD68A450BA95ABE
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