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by Kon-Peki
1373 days ago
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Not tax advice If you're just some average person, no, you aren't writing off the expenses. You should just add it to Schedule 1 line 8z "Other Income" and write "crypto mining" as what it is from. If you're just some average person, the actual tax on that money is going to be something like 10-15%. You can save a lot of time and effort: If it's not profitable when you pay your taxes, it isn't profitable. It's a hobby. |
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