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

Yes, the tax rules are different. Income from crypto mining is generally classified as ordinary income, specifically self-employment income, based on the fair market value of the coin when it is successfully mined.

Trading gains, on the other hand, are classified as capital gains or losses, which are realized only upon the sale or disposition of the asset. Mining income is taxed upon receipt, while trading gains are taxed upon realization.