Birdwatch Note Rating
2023-07-02 17:50:45 UTC - NOT_HELPFUL
Rated by Participant: 9940D30F659FD961134BAA839AE943E9B589F95D9D0B2FEAFD5A8EEA6F8D0B67
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