Birdwatch Note Rating
2023-05-10 01:07:01 UTC - HELPFUL
Rated by Participant: DC6C6F0824DDB8F9A36DF61F106DC74E7C07309F5B51E4DB588108F1ADC3256E
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