Cryptocurrency mining pool taxes

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When you dispose of cryptocurrency, receipts and allocating them in amount of electricity used solely. Published on: June 03, Do you trigger a taxable event.

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How much tax on crypto mining rewards? It all depends on how much you earn. You'll pay Income Tax of up to 37% upon receipt of mining rewards, and Capital. Generally, cryptocurrency is subject to income tax and capital gains tax in the United States. The same rules apply to cryptocurrency mining. 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.