Birdwatch Note Rating
2023-05-10 12:58:26 UTC - NOT_HELPFUL
Rated by Participant: B5CF58FFB1FD72EDF75ADFC900702B3154D6CF415ADFB7A357D2E1032E7AAE86
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