Birdwatch Note Rating
2023-05-10 21:30:51 UTC - NOT_HELPFUL
Rated by Participant: 7F7C49518F905A40566BA28EAA05D1A75D9C8B07D2F901A4970857F438016CAC
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