Birdwatch Note Rating
2023-05-30 06:43:27 UTC - HELPFUL
Rated by Participant: C668C0DED11734B89690E7027F597053822F3CA722A29BEBF453B1AAC737C858
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
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