Birdwatch Note Rating
2023-05-11 01:30:09 UTC - HELPFUL
Rated by Participant: FB8B59BEFAB734F3FF1DEDA11DB07EEAFCB23D479EF69129AD0B0083CD2E2999
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