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Crypto Taxes in US with Examples (Capital Gains + Mining)Bitcoin, Ethereum, or other cryptocurrencies mined as a hobby are reported on your Form Schedule 1 on Line 8 as �Other Income.� It is taxed. Reporting your crypto activity requires using Form Schedule D as your crypto tax form to reconcile your capital gains and losses and Form. For hobby miners, you report your income from mining on Form Schedule 1 (), line 8 as other income. You'll report any capital gains from selling, swapping.
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