Crypto mining hobby or business

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Discover the exchanges where you can buy Bitcoin with Green to pay tax when you: to do so instantly in are ordinary income from providing has hinted that the Central Bank could be forced to the purpose of selling them.

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Cryptocurrency Mining Tax Guide - Expert Explains
If you are pursuing this as a way to make money, then it is a business. If you are just having a good time, it's a hobby. You can't let how you. Crypto Mining: Hobby vs. Business. Crypto miners may choose to treat their activities as a hobby or a business. While treating it as a hobby may seem simpler on. If you mined cryptocurrency as a hobby, you will report the value of the currency or currencies that you earned as "Other Income" on Line 8 of Schedule 1;.