We are thinking about accepting crypto payments, but what do our accountants need to know about calculating capital gains tax on crypto received as business revenue in the US?
Download run
Fan-out diagram
The searches the AI actually ran for this prompt.
SEED QUERY
We are thinking about accepting crypto payments, but what do our accountants need to know about calculating capital gains tax on crypto received as business revenue in the US?
3 real searches · 1 real-search pass
IRS virtual currency payments for goods and services business income fair market value basis subsequent sale digital assetsGoogle ↗
OBSERVEDConsequence
IRS digital assets FAQ business receives virtual currency payment basis fair market value date received capital gainGoogle ↗
OBSERVEDConsequence
IRS Notice 2014-21 virtual currency convertible currency payment services fair market value basisGoogle ↗
OBSERVEDReason
Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.
Query classes
Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.
ChatGPT real searches (3)
Classes come from the query-classifier (a local Laya model). 3 of 3 calls are low-confidence (under 50%) — hover a query in the table to see its confidence.
Searches and sources
ChatGPT3 real searches · gpt-6
IRS virtual currency payments for goods and services business income fair market value basis subsequent sale digital assets Google ↗
IRS digital assets FAQ business receives virtual currency payment basis fair market value date received capital gain Google ↗
IRS Notice 2014-21 virtual currency convertible currency payment services fair market value basis Google ↗
- Frequently asked questions on digital asset transactions · irs.gov
- Notice 2014-21 · irs.gov
- Digital assets · irs.gov
- Frequently asked questions on virtual currency transactions · irs.gov
- Frequently asked questions on virtual currency transactions · irs.gov
- Frequently asked questions about broker reporting · irs.gov
- Understanding your Form 1099-DA · irs.gov
- Digital assets · irs.gov
- 2025 Instructions for Form 1099-DA · irs.gov
Queries
3 queries · click a column to sort
| Query / type | Search | Intent | Query class | Routing format | Cluster | Freq ↓ | Weight |
|---|---|---|---|---|---|---|---|
IRS virtual currency payments for goods and services business income fair market value basis subsequent sale digital assets OBSERVED | Google ↗ AI Mode ↗ | — | Consequence | — | — | 1x of 1 | |
IRS digital assets FAQ business receives virtual currency payment basis fair market value date received capital gain OBSERVED | Google ↗ AI Mode ↗ | — | Consequence | — | — | 1x of 1 | |
IRS Notice 2014-21 virtual currency convertible currency payment services fair market value basis OBSERVED | Google ↗ AI Mode ↗ | — | Reason | — | — | 1x of 1 |