Birdwatch Note Rating
2023-05-10 03:06:20 UTC - HELPFUL
Rated by Participant: B302478923F22B12829A88929EF2D4CF01E10EB88C9028615ADFA1C16384A649
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