Birdwatch Note Rating
2023-05-10 12:44:42 UTC - SOMEWHAT_HELPFUL
Rated by Participant: A6CDD3BD4E722A13631E97FCABE5086FA1C2CBC0F00ABC27C0756C248ADEE909
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