Turbotax cryptocurrency mining

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Cryptocurrency Mining Tax Guide - Expert Explains
How to enter crypto gains and losses into TurboTax Online � 1. Navigate to TurboTax Online and select the Premier or Self-Employment package � 2. Answer initial. If you �mine� Bitcoin, you'll report the gross value of these earnings as income on your taxes, based on the U.S. dollar value of the virtual. As a way to earn cryptocurrency, some currencies require you to mine it by verifying transactions occurring on the cryptocurrency's blockchain.