Cryptocurrency peer to peer lending
If your mining equipment is to support your DeFi activity, the time it was mined coins at the time of.
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If your mining equipment is to support your DeFi activity, the time it was mined coins at the time of.
The tax rate that you pay on your mining rewards varies depending on what income bracket you fall into in a given year. If you pay for a service using virtual currency that you hold as a capital asset, then you have exchanged a capital asset for that service and will have a capital gain or loss. You have to report the Fair Market Value in USD of the crypto mining rewards you received at the time you received them;. How do I determine my basis in cryptocurrency I received following a hard fork? Key Takeaways about crypto mining tax.