Crypto mining business tax

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The acquisition date is used previous section, gains or losses of the transaction to report how long you have owned.

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Cryptocurrency Mining Tax Guide - Expert Explains
Yes, cryptocurrency miners are required to report the results of their mining activity on their tax returns. The market value of the mined coins at the time of. Ultimately, the reward tokens that taxpayers receive in exchange for performing mining activities is taxed as ordinary income upon receipt. The received tokens. As a miner carrying on a business any bitcoin that you acquire from mining is treated as A?a��E?trading stock'. As in any other business, proceeds from the.