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Get your taxes done using TurboTax
i disagree. this is no different than a payment you receive from opening a bank a/c. many banks are offering $200 - $300 for opening a new a/c and report it as 1099_INT
the only difference is you'll not get a 1099. but you have been compensated for performing a service - opening the crypto a/c. Therefore, the $50 is taxable.
March 5, 2022
10:48 AM