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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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  • bitcoinBitcoin(BTC)$98,093.003.50%
  • ethereumEthereum(ETH)$3,322.067.72%
  • tetherTether(USDT)$1.000.10%
  • solanaSolana(SOL)$254.847.13%
  • binancecoinBNB(BNB)$632.163.99%
  • rippleXRP(XRP)$1.2814.58%
  • dogecoinDogecoin(DOGE)$0.384073-0.12%
  • usd-coinUSDC(USDC)$1.000.04%
  • staked-etherLido Staked Ether(STETH)$3,321.417.75%
  • cardanoCardano(ADA)$0.822.30%