Birdwatch Note Rating
2023-05-10 14:03:47 UTC - HELPFUL
Rated by Participant: 822DA75DCE41615439F50D2B35A72DF7C896FBBDC872FC30BEE575BA1ADFFCC1
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