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Get your taxes done using TurboTax
Digital assets from staking and mining are taxable at both the time received and the time sold. The income is based on the value of the assets on the day received and should be declared on your tax return in that year.
The value of that income declared then becomes the basis of the asset when it is sold (reducing the amount of any gain by the income already declared.)
There is a wealth of additional information that you may find helpful in our Cryptocurrency Guide.
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‎December 30, 2023
9:12 AM