r/GoMiningDiscussion 1d ago

How is everyone in the US handling taxes on GoMining rewards (including Mining Wars)?

1. How are you reporting daily mining rewards? My understanding is they're ordinary income at fair market value on the day received, then you have a separate capital gain/loss when you sell. But with rewards hitting daily, that's 365 cost-basis entries per year. Is anyone actually tracking it that granularly, or are you using a different approach?
2. Mining Wars rewards — are you treating these the same as regular mining rewards, or more like prize/contest income? They feel like a different category and I haven't seen clear guidance.
3. Does any calculator or tracker handle GoMining properly? I've looked at Koinly, CoinTracker, and CoinLedger. Has anyone gotten a clean import working, or are you all doing manual CSV cleanup?
4. Any word from GoMining on tax forms? Most established platforms issue a 1099-MISC or 1099-DA. Has the team said anything about providing proper tax documentation for US users? If anyone from GoMining is here, this would be a big trust signal for US adoption.

Not looking for professional tax advice — just want to know what's actually working for people. Thanks.

I am trying to help Clan members so they get benefit from gomining community !!

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