RE: Valuing Steem Rewards As Taxable Income Is A Vast Overstatement Of Tax Liability - Part 1

[digitalfirehose]

I found what I think to be a relevant article, citing the IRS as a competent authority, and a ruling issued by the same. Bitcoins are considered "intangible property", so it received capital gain or loss treatment

https://www.forbes.com/sites/greatspeculations/2017/02/21/if-you-traded-bitcoin-you-should-report-capital-gains-to-the-irs/#19d5013ae3d8

I hope you find this of interest and to be useful.

Thanks.