Are Miner Rewards Considered Income for Tax Purposes? ⎊ Path

Are Miner Rewards Considered Income for Tax Purposes?

Yes, in most jurisdictions, the cryptocurrency received by a miner as a block reward (newly minted coins) is considered taxable income at the fair market value of the coin on the day it is received. Transaction fees earned are also typically considered income.

The miner's cost basis for the coin is generally set at this fair market value.

Is Staking Reward Income Treated as Ordinary Income or Capital Gain?

Are There Different Tax Rules for Crypto Mining Income versus Trading Gains?

What Is a “Taxable Event” in the Context of Cryptocurrency Disposal?

How Is Mining Income Taxed Differently from Capital Gains on Crypto?

How Does a Fork or Airdrop of the Underlying Cryptocurrency Affect the Derivative’s Tax Basis?

How Do the Transaction Fees in a Block Influence a Selfish Miner’s Decision to Reveal?

How Does the Use of Collateral (E.g. Stablecoins) in DeFi Futures Affect Tax Basis?

What Are the Tax Implications of Providing Single-Sided versus Dual-Sided Liquidity?