Birdwatch Note Rating
2023-05-30 03:43:12 UTC - HELPFUL
Rated by Participant: A1D77C7F0745EDF4329F920EF8D031F3DAA2BFFC7ACBCD3653E9AFFF77ACA64F
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