As a freelance writer, my clients paid me entirely in cryptocurrency this year, how do I calculate the USD value of my 1099 income for tax time?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

Cryptocurrency compensation often raises a few moving parts at tax time, especially for freelance work where income may be received in multiple transfers rather than one cash payment. The USD value is usually tied to the fair market value at the time each payment is received, and the recordkeeping m For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.