Cryptopolitan
2020-08-31 10:52:18

Crypto tax: IRS says cryptocurrency earned from microtasks is taxable

The latest crypto tax update from the United States’ Internal Revenue Service (IRS) has informed that digital currencies earned from performing menial activities on crowdsourcing platforms are taxable. The tax agency sees cryptocurrency as a property for federal income tax purposes and says general property-related tax principles apply to them as well.  IRS shades more […]

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer