Cryptocurrency mining pool taxes

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How To Mine BITCOINS Using a LAPTOP - Earn Money Mining Cryptocurrencies
Income from mining and staking is taxed just as employment income would be if it was paid in cryptocurrency. ?Mining. ?Mining is one of the processes by means. Generally, cryptocurrency is subject to income tax and capital gains tax in the United States. The same rules apply to cryptocurrency mining. Cryptocurrency mining rewards are taxed as income upon receipt. US-based crypto miners can anticipate paying crypto mining tax on both.

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Generate your cryptocurrency tax forms now. First Name. To avoid this situation, some cryptocurrency miners choose to cash out a portion of their earnings on an ongoing basis so that they are able to afford tax payments even in the case of a severe market crash.

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