Birdwatch Note Rating
2023-05-30 18:28:45 UTC - HELPFUL
Rated by Participant: 7DD7861A99B6AEE98B118DAFB593FA1C618EE68206980DE05C0A334D9ADA7004
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