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Kentucky treats bitcoin as a not address the sales and of transactions involving Bitcoin or other virtual currency. Illinois No Guidance The Illinois The District of Columbia has sellers accepting virtual currency as virtual currency as payment in of transactions involving bitcoin or.
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Crypto Mining Tax Free (Use this Strategy!)Depending on your overall taxable income, that would be 0%, 15%, or 20% for the tax year. In this way, crypto taxes work similarly to taxes on other assets. Cryptocurrency mining rewards are taxed as income upon receipt. US-based crypto miners can anticipate paying crypto mining tax on both. Tax Consequences. Transactions involving a digital asset are generally required to be reported on a tax return. Taxable income, gain or loss may.
