Birdwatch Note Rating
2023-05-09 23:15:04 UTC - HELPFUL
Rated by Participant: CE320573AF8818B61CBC6AF56F3C65923165AD89D8DC527021260C9A117F7452
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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