Originally published at: How are credit card awards in Bitcoin taxed? (Reddit Bitcoin) – We Never See Nothing
For example, Gemini is offering a credit card that pays 3% or 2% or 1% rewards for each purchase when each credit card transaction posts. Crypto Credit Card | Gemini I am assuming the rewards are taxed, but not sure how. I see a couple of possibilities: 1) INCOME. Could they be earnings income, which would be subject to…