Julieta Venegas accepts a contract to work as an independent contractor for an animation company and will be paid in cryptocurrency at the end of the contract at a specific amount of cryptocurrency determined at the execution date of the contract Which of the following is correct: 

a. The receipt of the currency at the end of the contract is treated as a capital asset subject to the gain and loss rules of 1001 

b. Notwithstanding the receipt of the cryptocurrency at the end of the contract , Julieta must pay estimated taxes on the compensation income no less frequently than quarterly . 

c. Under all circumstances Julieta may make an $83(b) election with respect to the future receipt of the cryptocurrency and recognize capital gains income on the property received 

d. The fair market value of virtual currency received for services performed as an independent contractor, measured in U.S. dollars as of the date of receipt constitutes self-employment income and is subject to the self- employment tax

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The detailed answer for the above question is provided below The correct answer is d The fair market ... View the full answer