Birdwatch Note Rating
2023-05-15 20:31:52 UTC - NOT_HELPFUL
Rated by Participant: C363F6E3B81840DE955F65FB064DBA0A9749E56CA1B95ED91EB71DA2B40777BF
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