Birdwatch Note Rating
2023-05-10 10:15:44 UTC - HELPFUL
Rated by Participant: B05196157E5D05CB8F39BEBA47FF290D94A473B7974E1AB04C5BA8A3075E0886
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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