Taxes Complicate Crypto Payments for Freelancers

[tradelikepro]

Freelancers accepting crypto must navigate a tricky tax landscape. Payments must be reported at fair market value, and this can trigger income, self-employment, and capital gains taxes. In the U.S., Form 1099-NEC is required for independent contractors, while other countries have their own reporting rules. Tools like CoinTracking and CryptoTrader.tax can help freelancers manage tax obligations and avoid penalties.

[Nahid10]

This is the biggest reason freelancers hesitate with crypto — tax clarity is still missing.

[EmTeam]

Without global tax frameworks, crypto payments will stay messy for independent workers.