Birdwatch Note Rating
2023-05-10 13:45:22 UTC - NOT_HELPFUL
Rated by Participant: C7C49AB89E19877D15A66E5BF1B0CBF0A70007AF1579F085DFFF4DE1560D7C36
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