Birdwatch Note Rating
2023-05-10 12:31:59 UTC - HELPFUL
Rated by Participant: ADEA87378574051A2FB3292CFFC45FD0A1CC7FB092620CFD7D7D2F7E622CCD7A
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