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0 sats \ 5 replies \ @BTCMiner 26 Mar 2022 \ on: Five commonly asked questions about mining taxes bitcoin
This post addresses United States taxation, specifically
- Are mining rewards taxed?
- Are mining rewards taxed as income or capital gains?
- Should I file my mining taxes as a hobby or business?
- If I file as a business, what mining expenses can I deduct?
- How do I file taxes for my mining activity?
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Here's another good article, also from Compass Mining:
These are common tax deductions and write offs for cryptocurrency miners.
https://compassmining.io/education/cryptocurrency-mining-taxes-deductions-writeoffs/
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