@RobertB4444 Thank you for your info! One more clarification - so as you said below:
Lastly, you'll be left with cryptocurrency that you'll be carrying forward. That will have a purchase date of the date you received the settlement and a basis or cost equal to the amount you entered for it's value an the date that you received it. That will be information to file away for when you sell it.
So the BTC and ETH that I received in PayPal, they can be treated as purchases, not income? Does that mean if treated as purchases, don't need to pay tax as income?
Thanks again for your help!!
