Birdwatch Note Rating
2023-05-10 17:13:57 UTC - NOT_HELPFUL
Rated by Participant: DBA67B9599254955785D7E0A4569DDB21637F36E55DCB7B0E2B614B635CCCFFE
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