Birdwatch Note Rating
2023-05-10 12:32:10 UTC - HELPFUL
Rated by Participant: A8A15D7CA7DD5B864B76C4C6E3DC0D634F3FA2633522F4E7C29A7A5E43596549
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