Tax treatment of the acquisition and disposition of digital assets Question 68 of 100. If a taxpayer receives virtual currency in exchange for services, the taxpayer Does not recognize income until the virtual currency is sold or disposed. Must report the full fair market value of the currency at the time received as income in the year received. O Does not recognize income unless the value of the services exceeds the value of the virtual currency. May recognize a loss if the value of services exceeds the value of the virtual currency. Mark for follow up Time remaining 175:49 << Back Save / Return Later Summary Next >>