If I was paid with crypto, it it considered self-employment or capital gain?

1sophiawong-gmai · ‎March 7, 2023

I did freelance work and was paid in cryptocurrency. Not sure how to include this on my taxes. Is it self employment or capital gain?

TurboTaxSusan · ‎March 13, 2023

It would be both, actually. You would enter the fair market value of the crypto you received as self employment income. Then when you sell the crypto, you would enter the sale as capital gains/losses.

If I was paid with crypto, it it considered self-employment or capital gain?

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