WebCalifornia’s additional restrictions on forms of wages. Employers considering paying employees in crypto would also need to navigate other areas of the California Labor Code. For example, Labor Code section 212 California requires that wages must be payable without discount. Therefore, any transaction fees that an employee must pay to redeem ... WebSince Alice is actively trading in cryptocurrency, which is a commercial activity, she has to report business income of $40,000 on her 2024 income tax return. Example 2: Capital gain or loss Tim found a deal on a living room set at an online vendor that accepts Bitcoin. Tim acquired $3,500 worth of Bitcoin to buy the furniture with.
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Getting Paid In Cryptocurrency? Learn The Tax Laws
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