Birdwatch Note Rating
2023-05-10 12:31:50 UTC - HELPFUL
Rated by Participant: C559E982739691E2EFE38F13A971AA3B8B28A962694A86631FB41C5B2274E6C4
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