US Cryptocurrency Taxes

• Pay someone in crypto you must report in USD on W2 or 1099
• Bitcoin mining payments most be reported 1099 in USD
• Treat cryptocurrency as property assets when trading/holding like stocks, so capital gains or loss 1099

Sources:
turbotax.intuit.com/tax-tips/tax-payments/tax-tips-for-bitcoin-and-virtual-currency/L1ZOgU00q
www.irs.gov/pub/irs-drop/n-14-21.pdf

Disclaimer:
Jason Chan is not CPA or Tax laywer, this information provided by taxes are only my opinion. I may or may not be correct. Please consult a certified tax lawyer or cpa about cryptocurrency taxes.

There is risk involved in trading, mining, lending and investing in cryptocurrency. Jason Chan does not take any responsibility for any losses that may occur. Jason Chan does not give financial advise. These videos are for informational and entertainment purposes only.