Do you get taxed for mining crypto

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PARAGRAPHMany or all of the you own to another does of other assets, including stocks.

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Tax onCrypto Mining in India - Everything to Know
Cryptocurrency that you have received through mining and/or staking rewards received by holding proof of stake coins is treated as ordinary income per IRS. Do You Have to Report Crypto Mining on Taxes? Yes, cryptocurrency miners are required to report the results of their mining activity on their tax returns. The. Ultimately, the reward tokens that taxpayers receive in exchange for performing mining activities is taxed as ordinary income upon receipt. The received tokens.

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All articles. Not consenting or withdrawing consent, may adversely affect certain features and functions. In case of an IRS audit, you should keep documentation that proves that your home is being used for mining.