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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)$68,863.000.21%
  • ethereumEthereum(ETH)$2,434.63-1.08%
  • tetherTether(USDT)$1.000.31%
  • binancecoinBNB(BNB)$559.890.13%
  • solanaSolana(SOL)$161.720.15%
  • usd-coinUSDC(USDC)$1.000.17%
  • rippleXRP(XRP)$0.511.98%
  • dogecoinDogecoin(DOGE)$0.16845211.58%
  • staked-etherLido Staked Ether(STETH)$2,433.38-1.10%
  • tronTRON(TRX)$0.162547-1.39%