Bitcoin difficulty projections
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How to report cryptocurrency transactions on your 2021 tax returnIt's important to note: you're responsible for reporting all crypto you receive or fiat currency you made as income on your tax forms, even if you earn just $1. For example, if you successfully mined BTC on March 15, , you will pay income tax based on the price of Bitcoin in dollar terms on that date. The tax. If you sell Bitcoin for a profit, you're taxed on the difference between your purchase price and the proceeds of the sale. Note that this doesn'.
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