Birdwatch Note Rating
2023-05-10 22:28:19 UTC - NOT_HELPFUL
Rated by Participant: B426593D6F71DCEA43E5BC2A6E9D99ED99A5020B595335A66C1A23E19B59A635
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