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If you earn cryptocurrency by mining, it counts as part of your regular taxable income. You owe tax on the entire fair market value of the crypto on
the day you received it, at your regular income tax rate.
Crypto mining can be taxed as either a Hobby or a Business
To post as a Hobby:
To Post as a Business:
If you have a business, it can be entered directly into the business income
section of the return.
Thanks, but where on the business income? There is no mention of any crypto. Only forms 1099 NEC, 1099-misc, 1099-k.
I did not get any of these since the crypto received was mined.
If you've elected to list this as a business, and you didn't receive any 1099 forms you can enter it following this guide.
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