Birdwatch Note Rating
2023-05-11 03:41:36 UTC - HELPFUL
Rated by Participant: A92B02F521C7759C8290950795930DACE8CBD0709E8C7B3CE494681A3DEC297C
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
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