Hey Everyone! This video is a brief overview of deductions in relation to your cryptocurrency mining business. This is the third video in our business series on How To Start A Cryptocurrency Mining Business.
Deductions are there for you to take advantage of and it is important to have a firm understanding of what is a deduction/expense for your cryptocurrency mining business.
Please drop some questions below!!
Check out the IRS Publication & Tax Guide for Small Businesses:
https://www.irs.gov/pub/irs-pdf/p334.pdf
(Page 30 For Expenses)
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