Birdwatch Note Rating
2023-05-10 08:48:31 UTC - HELPFUL
Rated by Participant: 714CC0192640AEEC1203DAF399B4E6FBC1464047910F6744A45BAAB1D77D98EC
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