Taxes in the World of Crypto Payments

[etfs]

Getting paid in crypto isn’t tax-free! Freelancers must report the fair market value of crypto earnings as ordinary income, and selling or exchanging it later can trigger capital gains taxes.

Tax forms vary by country—for example, U.S. contractors use Form 1099-NEC. Tools like CoinTracking or CryptoTrader.tax can help you stay on top of income and capital gains reporting.

Tip: Track every transaction. Ignoring tax obligations can turn a smooth payday into a compliance nightmare.

[Abdul Khan]

Crypto Pay = Taxable Pay:
Freelancers must declare the fair market value of crypto earnings as income.
Future sales/exchanges may trigger capital gains. Tools like CoinTracking simplify reporting.

[Rimon Khan]

️ Tax Reminder for Freelancers:
Crypto income isn’t exempt—report it as ordinary earnings, then track capital gains when selling.
Forms vary by country (e.g. 1099-NEC in the U.S.), so use tax software to stay compliant.