Birdwatch Note Rating
2023-05-09 22:28:57 UTC - HELPFUL
Rated by Participant: D79B0475C973FAF626912065C6D57B0B45BCEB67B2D768669BC665647409F891
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