Birdwatch Note Rating
2023-05-09 22:31:03 UTC - HELPFUL
Rated by Participant: E074D0E46380944FF3BF9C9456E616FB2B7A36B812A8895511BF5E67F311EE91
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