Birdwatch Note Rating
2023-05-10 12:58:26 UTC - NOT_HELPFUL
Rated by Participant: C8ACABD9D954A63143F6F01A41E2FF4593CD887AA0E0C1EC5005C869FA019D7B
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