If my salary is paid in crypto how can I report this since the price of crypto fluctuates very much?
Megha
Last Update il y a un an
As we all know, cryptocurrency is extremely volatile, and market rates fluctuate on a daily basis, therefore there is one thing you should keep in mind. When a salary is paid in cryptocurrency, the acquisition price is the market price of that coin and when you sell cryptocurrency, you don't sell it at the value of the time when you acquired it but you sell it at the current market price which means you must subtract the acquisition price from the current price of cryptocurrency and pay taxes on the difference.