Birdwatch Note Rating
2023-05-10 16:25:01 UTC - HELPFUL
Rated by Participant: DB6561D7CF899D9678849464C82A8F61AB7469B89744D8E0997E744D077F12D7
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