Birdwatch Note Rating
2023-05-10 16:03:27 UTC - NOT_HELPFUL
Rated by Participant: 776910B26A5D8D767FBB1F3E172378470C53B9D7052B9EE16B9E59D793EE060D
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