A new memo from the IRS says all cryptocurrencies received from microtasks are taxable Cryptocurrency is treated as property and must therefore be reported in the taxpayer's income tax return The news ...

An Internal Revenue Service memo written in late June and published on August 28 states that cryptocurrency earned from microtasks conducted on crowdsourcing platforms is considered taxable income.

Cryptocurrency earned from carrying out small tasks valued as low as $1 is taxable, the U.S. Internal Revenue Service (IRS) said in a memo Friday. In a memorandum first reported by The Block, the IRS’ ...