Birdwatch Note Rating
2023-05-10 13:44:27 UTC - HELPFUL
Rated by Participant: D0684C8C96AEBAB2C2D9EFF8AED7BFD1DB2C4559988F3CDB981EE1CACEA96A4D
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