Yes, crypto received for work or services is generally taxable as income.
The value is usually based on the market value of the crypto on the date it is received. If the crypto is later sold at a higher value, a separate taxable gain may arise.
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Yes, crypto received for work or services is generally taxable as income.
The value is usually based on the market value of the crypto on the date it is received. If the crypto is later sold at a higher value, a separate taxable gain may arise.