Birdwatch Note Rating
2023-05-11 10:17:17 UTC - NOT_HELPFUL
Rated by Participant: FDD53D08F9252C01388DA5018FF03EF43D874C44185CF34FBA8B62E651F116B3
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