Birdwatch Note Rating
2023-05-10 12:38:17 UTC - HELPFUL
Rated by Participant: FF5A4517EAB1AD7386ED45846FC3D171733B7DE1DE0E7F157E1C3EEF6F56D117
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