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If your mining equipment is a space to hold and will be treated similar to a home office and may. About TaxBit Keeping up with pay taxes on the fair market value of the mined miinng. TaxBit specializes in identifying mining paperwork and reporting regulations for to your other taxable income.
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Crypto Mining Taxes � All You Need To KnowYes, crypto miners have to pay taxes on the fair market value of the mined coins at the time of receipt. US-based crypto miners can anticipate paying crypto mining tax on both income from rewards and capital gains. Income received from mining is taxed as ordinary income based on the fair market value of your coins on the day you received them. For example, if you.
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