Birdwatch Note Rating
2023-05-10 12:50:53 UTC - NOT_HELPFUL
Rated by Participant: 7DDB546B58E53D578B31611D455028E15EB536FA071532904CFD73FF7B5EF4B8
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