Where to report crypto mining income

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Crypto Taxes in US with Examples (Capital Gains + Mining)
Luckily, there's an easier way to report your mined cryptocurrency to the IRS: crypto tax software like CoinLedger. CoinLedger is used by thousands of. Be sure to save receipts. Fill Out IRS Form Report your mining income and expenses on Schedule C of IRS Form Report Capital Gains. Crypto mining income is considered business income and must be reported accordingly. Additionally, if you hold on to the mined crypto and later.

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Economy Agriculture. The IRS views Bitcoin mining or cryptocurrency mining as a taxable activity. Cleartax is a product by Defmacro Software Pvt. Any income you recognize from mining a coin becomes the cost basis in that coin moving forward.