maglib
Level 10

Business & farm

since bitcoin is FIFO, aren't most short term in nature, so it would not matter capital vs. ordinary from a simplistic standpoint unless you specifically moved coins and held separately and designated them investment, I understand they will be ordinary income for a miner.  The IRS is fairly clear about identification requirements for brokers so I would think the same rules apply.  Proper segregation and no commingling are inherent.
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I am NOT an expert and you should confirm with a tax expert.