curinb
New Member

I am kind of confused on the Crypto Currency tax requirements, It is coming across as a double taxation when you pay tax for both mining and selling.

IRS states mined is self employed income but when sold it is property asset and thus capital gains, but it was already taxed as income. I understand if it is paying for interest earned or the difference of gains versus when it was mined but how do you not pay tax on the same amount twice?