So just to confirm, as a hobbyist miner, if I mine $10 in crypto per month ($120 per year) and sell it on the exchanges at fair market value ($120 in this example), then based on the answer the income I am claiming is $120 in crypto income so if I sell it for $140 I owe tax on $20 and if I sell it for $100, I claim a tax loss of $20?
