Birdwatch Note Rating
2023-05-09 21:57:18 UTC - HELPFUL
Rated by Participant: 82D6C0EDC7C2267D2F1F05F5A8D616D849702ACC641966038C31F1F4D25B1FA0
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