Birdwatch Note Rating
2023-05-10 12:49:26 UTC - HELPFUL
Rated by Participant: DF8B4DAFCE1F79E503B0ACC68C948A3F2CB6DA45D4DDBBC6C4AE4BFA8957F295
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