Mining – Coins that you have received through private mining

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If a deposit is actually the inflow of earnings from mining, then classify it as “Mining”. The certified Cryptotax software reports these coins as other income.

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Note: If there are many small payments, it can quickly become expensive to classify all payments individually. Using the manual data import you can pre-classify the data in Excel and thus save time.

Note: This classification only covers mining revenues that have been mined within the framework of “private mining”. Some Tax authorities distinguish between commercial and private mining. Private mining means first attempts without large investments, but the boundary to commercialism is quickly crossed. Since often no clear guidelines are published, we strongly advise you to get tax advisory. An individual consultation by a specialized tax consultant or lawyer is available on request by e-mail to [email protected] or via the Premium Service in the Cryptotax web application.

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