Cryptocurrency mining is becoming increasingly popular as people start to notice the potential profits they can make. However, it’s important to be aware of the potential tax implications of mining profits. I’m wondering if anyone here has any experience with this and could offer some advice.
What kind of taxes are associated with mining profits? How do these taxes vary by country? What is the best way to keep track of mining income for tax purposes? Are there any other important considerations that I should be aware of when it comes to taxes?
Any advice or experience from someone who has been through this process before would be greatly appreciated.
What kind of taxes are associated with mining profits? How do these taxes vary by country? What is the best way to keep track of mining income for tax purposes? Are there any other important considerations that I should be aware of when it comes to taxes?
Any advice or experience from someone who has been through this process before would be greatly appreciated.