Expenses directed associated with mining (hobbyists)

Tax
#1

I am writing to ask if there is a way to add expenses directly associated with mining to CoinTracker’s Transactions for my account.

There is a helpful CoinTracker article noting that such expenses for Hobbyists may be reported on a Schedule A as itemized deductions. How do I report mined cryptocurrency? | CoinTracker Help Center

I have such expenses in the form of cloud mining contracts. There does not appear to be a way, however, to add these expenses to the CoinTracker Transactions so that they appear on tax forms prepared by CoinTracker. Am I missing something, or is there a proper way to add such information?

1 Like
#2

Thanks for the request! We’ll look into supporting custom tags for things like mining expenses.