Cryptocurrency Earned From Carrying Out Microtasks Is Taxable, Says IRS Memo – Yahoo News
Cryptocurrency earned from carrying out small tasks valued as low as $ 1 is taxable, the US Internal Revenue Service (IRS) said in a memo Friday.
In a memorandum first reported by The Block, the IRS’s Office of Chief Counsel published a response to a June 29 request for clarification from the tax agent’s own Small Business / Self Employed Division.
The question centered around whether crypto…
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