Birdwatch Note Rating
2023-05-10 11:19:36 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 741EC2FE693ECC1C391F514C9EA26A63EDE833734FB316E9EF69DB94A78A5CD9
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