Birdwatch Note Rating
2023-05-10 10:48:54 UTC - HELPFUL
Rated by Participant: F4F72CA5E36AD56FE764F5F2442AF7176FD6D36B8DF71C01A5AAB907A7C96EB6
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