Birdwatch Note Rating
2023-05-10 12:23:44 UTC - HELPFUL
Rated by Participant: 957ADE3D3AEAE1F00AEB3F0E9FA3A4CA5426B644B7F50D09E28F990494A4D051
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