I was paid $3,730 in bitcoin several payments. I sold them on Coinbase for a total value of $3,680. Each time was sold same day I received payment. Is this capital loss?

[bdecker02]

I received approximately 9 payments via Bitcoin. Each time I received payment, I sold same day on Coinbase for cash, then withdrew the funds in USD. I received approximately $3,720 in payments and when I sold for cash, ended up with approximately $3,680 that I was able to withdraw in USD on Coinbase. Would I count these as “other income” line 21 on 1040 for $3,680? Would I then consider the Bitcoin as capital loss of approximately $40? 

[JohnW15]

It's not likely that you'll want to report these as "Other Income" on line 21.  Capital gains and losses would be treated differently.

I'll attach a few TurboTax FAQs below that should help you sort out what you need to do.

What is a capital gain or loss?

https://ttlc.intuit.com/replies/3301738

How do I report earnings or losses from Bitcoin and other cryptocurrency?

https://ttlc.intuit.com/replies/6468300

How do I report Bitcoin or other cryptocurrency as a capital gain?

https://ttlc.intuit.com/replies/6468652

[bdecker02]

So if this was paid to me, I would count it as “earned income.” How would I claim this? If not line 21, where would it go? And since I sold all for less then I received after paying Coinbase fees, would I technically have capital loss?