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Questions tagged [mined crypto]

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Chiara Chiara Thu Oct 17 2024 | 6 answers 1330

How does the IRS know you mined crypto?

I'm wondering how the IRS gets to know about my crypto mining activities. Is there any specific way they track or find out about individuals mining cryptocurrencies?

How does the IRS know you mined crypto?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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