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My Bitcoin Mining Rig Update - Azad ChaiwalaThe IRS Form is the tax form used to report cryptocurrency capital gains and losses. You must use Form to report each crypto sale that. Cryptocurrency mining rewards are taxed as income upon receipt. When you dispose of your mining rewards, you'll incur a capital gain or loss depending on. Since your intent is to make money, then this is NOT a hobby, this is a business to be reported on Schedule C.
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