It was in May 2019 when IRS Commissioner Charles Rettig shared that the agency was working on providing updated guidance. IRS’ 2014 guidance left a lot of unanswered questions as the cryptocurrency market has grown in the years since.

The new guidance addresses the tax liabilities created by cryptocurrency users, the acceptable methods for valuing cryptocurrency received as salary, and how to calculate taxable gains while selling cryptocurrencies.

bitcoin
Bitcoin (BTC) $ 9,504.40
ethereum
Ethereum (ETH) $ 235.95
tether
Tether (USDT) $ 0.998762
ripple
XRP (XRP) $ 0.203775
bitcoin-cash
Bitcoin Cash (BCH) $ 240.36
bitcoin-cash-sv
Bitcoin SV (BSV) $ 191.96
litecoin
Litecoin (LTC) $ 45.77
binancecoin
Binance Coin (BNB) $ 17.25
eos
EOS (EOS) $ 2.68
cardano
Cardano (ADA) $ 0.077760
tezos
Tezos (XTZ) $ 2.88
chainlink
ChainLink (LINK) $ 4.33
stellar
Stellar (XLM) $ 0.073210
okb
OKB (OKB) $ 5.24
crypto-com-chain
Crypto.com Coin (CRO) $ 0.086378
leo-token
LEO Token (LEO) $ 1.16
monero
Monero (XMR) $ 64.17
tron
TRON (TRX) $ 0.016165
huobi-token
Huobi Token (HT) $ 4.05
ethereum-classic
Ethereum Classic (ETC) $ 6.90
neo
NEO (NEO) $ 11.29
usd-coin
USD Coin (USDC) $ 0.999379
dash
Dash (DASH) $ 76.10
iota
IOTA (MIOTA) $ 0.223503
cosmos
Cosmos (ATOM) $ 2.73
zcash
Zcash (ZEC) $ 51.29
vechain
VeChain (VET) $ 0.006520
maker
Maker (MKR) $ 454.40
nem
NEM (XEM) $ 0.043035
ontology
Ontology (ONT) $ 0.551398
dogecoin
Dogecoin (DOGE) $ 0.002571
basic-attention-token
Basic Attention Token (BAT) $ 0.217906
ftx-token
FTX Token (FTT) $ 2.98
theta-token
Theta Network (THETA) $ 0.274731
paxos-standard
Paxos Standard (PAX) $ 0.998609
omisego
OmiseGO (OMG) $ 1.65
digibyte
DigiByte (DGB) $ 0.016959
0x
0x (ZRX) $ 0.326297
hedera-hashgraph
Hedera Hashgraph (HBAR) $ 0.044306
enjincoin
Enjin Coin (ENJ) $ 0.213915
algorand
Algorand (ALGO) $ 0.244970
icon
ICON (ICX) $ 0.334429
zilliqa
Zilliqa (ZIL) $ 0.016508
decred
Decred (DCR) $ 14.80
qtum
Qtum (QTUM) $ 1.76
lisk
Lisk (LSK) $ 1.21
binance-usd
Binance USD (BUSD) $ 0.997139
bitcoin-gold
Bitcoin Gold (BTG) $ 9.13
augur
Augur (REP) $ 13.05
true-usd
TrueUSD (TUSD) $ 0.999664