Birdwatch Note Rating
2023-05-10 12:26:58 UTC - NOT_HELPFUL
Rated by Participant: 72BEAE3EA4B40C9AC079C0F84BB57B655B283E4A70361E7536D762FDEAB9D86F
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