The amount of the discharged debt will be considered income for federal tax purposes and possibly for state tax purposes. (studentloanborrowerassistance.org)
Notice 2014 - 21 answered 16 questions, but also provided an avenue for answering even more, by stating that virtual currency is to be treated as property for federal tax purposes. (coindesk.com)
The IRS made it clear that cryptocurrency is treated as property for U.S. federal tax purposes in 2014's Notice 2014 - 21. (smartasset.com)