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South Korean Bitcoin miners can deduct electricity costs from crypto tax filings

May 6, 2021 by DIGIT
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Crypto miners will be able to deduct electricity costs as business expenses when filing cryptocurrency taxes starting in 2022.

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Categories crypto miners, Crypto tax, South Korea, Tax
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  • ethereumEthereum(ETH)$3,031.93-4.49%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.03-2.84%
  • binancecoinBNB(BNB)$885.91-1.84%
  • usd-coinUSDC(USDC)$1.000.01%
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  • tronTRON(TRX)$0.2884740.66%
  • staked-etherLido Staked Ether(STETH)$3,030.05-4.52%
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  • bitcoinBitcoin(BTC)$89,695.00-2.84%
  • ethereumEthereum(ETH)$3,031.93-4.49%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.03-2.84%
  • binancecoinBNB(BNB)$885.91-1.84%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$133.00-4.87%
  • tronTRON(TRX)$0.2884740.66%
  • staked-etherLido Staked Ether(STETH)$3,030.05-4.52%
  • dogecoinDogecoin(DOGE)$0.139484-5.29%