Google NextNov 24, 2021 · 3 years ago1 answersAre there any tax deductions available for expenses related to mining cryptocurrencies?
I'm wondering if there are any tax deductions that I can take advantage of for the expenses related to mining cryptocurrencies. Can I deduct the costs of equipment, electricity, and other expenses incurred in the mining process? What are the specific tax rules and regulations regarding this? I want to make sure I'm maximizing my deductions while staying compliant with the tax laws.
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