Birdwatch Note Rating
2023-05-10 07:10:35 UTC - HELPFUL
Rated by Participant: 93628E7C388484305CA9F1A9262639CF2675D4187B68A0E0182FB66DDE8EE52E
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