Crypto events taxable as income · When you're paid in crypto: If you get a paycheck in Bitcoin or any other cryptocurrency from an employer, you owe income tax. Taxes are due when you sell, trade, or dispose of cryptocurrency in any way and recognize a gain. For example, if you buy $1, of crypto and sell it later for. In , the IRS issued Notice to clarify that virtual currency is treated as property for tax purposes; cryptocurrency is taxed as a capital asset and. BLOCKCHAIN BASED BETTING GAMES

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