Birdwatch Note Rating
2023-05-10 13:32:21 UTC - NOT_HELPFUL
Rated by Participant: AF29F843B7EC5CABE770BA2B99B1D35E9ADEC0B69FF1A67AF1160A7A11F90E94
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