How to report crypto mining on turbotax

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CRYPTO TAX LAWYER Explains: How to LEGALLY Avoid Crypto Taxes
How to report crypto on TurboTax Desktop � Open TurboTax desktop and navigate to File > Import > From Accounting Software � Select Other Financial. How to Report Cryptocurrency Mining � Hobby income is reported as �Other Income� on Line 21 of Form Any expenses must be reported as itemized deductions. If you earn cryptocurrency by mining it, it's considered taxable income and might be reported on Form NEC at the fair market value of the.