If someone pays you cryptocurrency same as you do mining your cryptocurrency investments in any taxable income, just as if of the cryptocurrency on the and exchanges.
People might refer to cryptocurrency as a virtual currency, but it's not a true currency in the eyes of the IRS. Note that this doesn't only mean selling Bitcoin for cash; it also includes exchanging your Bitcoin directly for another cryptocurrency, and using Bitcoin to pay for goods or services. Fastest Refund Possible: Fastest federal tax refund with e-file and direct deposit; tax refund time frames will vary.
