Memorandum 202035011 – Taxation of Virtual Currency Received in the Crowdsourcing Labor Market

Phone: 650.723.2465
Fax: 650.725.0253

Type: Informal guidance
Date: 06/29/2020
Agency: IRS
Jurisdiction: United States
Type of Law: Guidance
Status: Existing
Official URL: External link

The (internal) memorandum was written in response to IRS Small Business/Self Employed Division’s request for advice regarding the tax consequences for an individual who receives convertible virtual currency for performing microtasks through a crowdsourcing or similar platform.