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How I Get Ready for Crypto Mining Taxes (USA)



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In this video I discuss how I prepare all my transactions and expenses to get ready to file my taxes for crypto mining in the US. I showcase CoinTracking.info - my favorite website to track crypto mining income and trading.

Website Used In This Video:
▶️ CoinTracking Referral Link: https://cointracking.info?ref=M572858

GPURisers How To Start A Cryptocurrency Mining Business:
▶️ https://youtube.com/playlist?list=PLEOIy0BH4fMTgw2Lcx6XPeXoAXp0QldEV

Other Helpful Crypto Tax Resources (US):
▶️ https://turbotax.intuit.com/tax-tips/investments-and-taxes/your-cryptocurrency-tax-guide/L4k3xiFjB
▶️ https://www.irs.gov/pub/irs-drop/n-14-21.pdf
▶️ https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions

Links to support me:
▶️ Red Fox Crypto Discord: https://discord.gg/Kaf4dDXGJz
▶️ Awesome Miner Referral Link: https://awesomeminer.pxf.io/AoKqbj
▶️ Hive OS Referral Link: https://hiveos.farm?ref=92631
▶️ CoinTracking Referral Link: https://cointracking.info?ref=M572858

Video Chapters:
00:00 Preparing for Crypto Mining Taxes
00:20 Crypto Mining Transactions & Expenses
01:05 Gathering Crypto Transactions with CoinTracking.info
01:32 Manually Adding Transactions
03:02 Automatically Adding Transactions
04:13 Other Features of CoinTracking.info
04:33 Generating a Crypto Tax Report
05:16 CoinTracking.info Pricing
06:09 Tracking Mining Expenses
06:22 Gathering Hardware Expense Cost
07:05 Gathering Electric Expense Cost
09:02 Check GPURisers YouTube Channel for More
09:44 Learning From Your First Year Filing Crypto Mining Taxes

Crypto Miners:
Category
Cryptocurrency Mining
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