Thaysen McCurdyDec 18, 2021 · 3 years ago2 answers What are the tax implications for NBA hotshots who earn income in cryptocurrencies?
As NBA hotshots increasingly earn income in cryptocurrencies, what are the tax implications they need to consider? How does the tax treatment differ for athletes who receive their income in traditional fiat currencies versus those who receive it in cryptocurrencies? Are there any specific regulations or guidelines that NBA players need to follow when it comes to reporting and paying taxes on their cryptocurrency earnings?