JWag
New Member

Get your taxes done using TurboTax

Hello. If you mine with a pool and the pool pays you out in crypto to your wallet is it taxable at that point? Or, do you have to sell or convert that crypto before it is taxable? In other words, if you mine 2 Ethereum, do you have to pay taxes on the value at the timing of payout, or is it NOT taxable until sold? Thanks for the info in advance!