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Get your taxes done using TurboTax
you mention estimated taxes. I have mined enough that I believe I will owe more than $1000, so you are saying I MUST(?) file a quarterly return, or I should? I am currently just investigating; do I file Self-employment as business or just claim the income as hobby. It is a dedicated machine running for the purpose of generating income.
And to take it further, I had solar panels installed on my house to make my mining green, and help offset the high electric demand from mining, so can I deducted the cost of the solar panels, or a portion of them?
Thank you
‎August 26, 2021
12:26 PM