Birdwatch Note Rating
2023-05-10 13:32:21 UTC - NOT_HELPFUL
Rated by Participant: 8B5770AA1A7151C268C7DDEF2F43617F9B91DA16717CE69BE663548CC63B5A8C
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