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Cryptocurrency Mining Taxes Explained for Beginners - CoinLedgerThe Digital Asset Mining Energy (DAME) tax was a proposal by the Biden administration to tax electricity use by crypto miners. It was dropped in May Ordinary Income. Mining rewards are taxed as Ordinary Income based on the market value of the coins on the date of receipt. The tax rate charged on the said. Form NEC. If you earn crypto by mining it, it's considered taxable income and you might need to fill out this form. Form This form.
