Birdwatch Note Rating
2023-05-10 00:34:40 UTC - HELPFUL
Rated by Participant: EB0D4E3D547459F7E474170AB47C325EA549F0D3B2970265C34987DEAC892E79
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